HanesBrands Q4 Outlook: Revenue $1.36B Vs. $1.48B Estimate, Adj. EPS $0.09 Vs. $0.18 Estimate, GAAP EPS $0.05
Portfolio Pulse from Benzinga Newsdesk
HanesBrands has released its Q4 2023 outlook, expecting net sales of approximately $1.36 billion, a decrease of about 8% compared to the prior year. The company also anticipates a GAAP operating profit of around $116 million, and adjusted operating profit of about $131 million. GAAP and adjusted earnings per share from continuing operations are expected to be $0.05 and $0.09 respectively.
November 09, 2023 | 12:07 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
HanesBrands' Q4 2023 outlook shows a decrease in net sales and earnings per share, which could negatively impact the company's stock price in the short term.
The company's projected decrease in net sales and earnings per share indicates a potential slowdown in growth, which could lead to a decrease in investor confidence and a subsequent drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100