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)
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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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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.
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