HanesBrands Expects FY24 Net Sales From Cont Ops Of $5.35B-$5.47B (Est $5.578B), Adjusted EPS From Cont Ops Of $0.42-$0.48 (Est $0.48)
Portfolio Pulse from Benzinga Newsdesk
HanesBrands forecasts FY24 net sales from continuing operations to be between $5.35B and $5.47B, which is below the estimated $5.578B. The company also expects adjusted EPS from continuing operations to range from $0.42 to $0.48, aligning with the lower end of the estimated $0.48.
February 15, 2024 | 12:07 pm
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NEGATIVE IMPACT
HanesBrands forecasts lower-than-expected FY24 net sales but aligns its adjusted EPS expectations with the lower end of estimates.
The forecasted net sales being below the estimated figures could lead to a negative perception among investors, potentially impacting HBI's stock price negatively in the short term. However, the adjusted EPS aligning with the lower end of estimates might mitigate some negative impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100