HanesBrands Expects Q1'24 Net Sales From Cont Ops Of $1.13B-$1.19B (Est $1.306B), Adjusted EPS From Cont Ops Of $(0.10)-$(0.04) (Est $0.06)
Portfolio Pulse from Benzinga Newsdesk
HanesBrands forecasts Q1'24 net sales from continuing operations to be between $1.13B-$1.19B, below the estimated $1.306B. The company also expects adjusted EPS from continuing operations to range from $(0.10)-$(0.04), missing the estimated $0.06.
February 15, 2024 | 12:09 pm
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HanesBrands anticipates Q1'24 net sales and adjusted EPS from continuing operations to fall short of analyst estimates, with sales projected between $1.13B-$1.19B against an estimate of $1.306B and EPS between $(0.10)-$(0.04) versus an estimated $0.06.
The projected shortfall in both net sales and adjusted EPS from continuing operations for Q1'24 compared to analyst expectations suggests a negative short-term impact on HanesBrands' stock price. Lower than expected financial performance typically leads to negative investor sentiment and could result in a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100