Hanesbrands Q4 Adj EPS From Cont. Ops. $0.03 Misses $0.09 Estimate, Sales $1.30B Miss $1.36B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hanesbrands (NYSE:HBI) reported Q4 adjusted earnings per share from continuing operations of $0.03, missing the consensus estimate of $0.09 by 66.67%. Quarterly sales were $1.30 billion, missing the estimate of $1.36 billion by 4.71%. This represents a 57.14% decrease in earnings and a 12.02% decrease in sales from the same period last year.
February 15, 2024 | 12:03 pm
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Hanesbrands reported a significant miss in both Q4 adjusted EPS and sales, with a 57.14% decrease in earnings and a 12.02% decrease in sales year-over-year.
The significant miss in both earnings per share and sales compared to analyst estimates, along with the year-over-year decrease in these metrics, is likely to negatively impact investor sentiment and the stock price in the short term.
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