Hanesbrands Q2 2024 Adj. EPS $0.15 Beats $0.10 Estimate, Sales $995.000M Miss $1.357B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hanesbrands (NYSE:HBI) reported Q2 2024 adjusted EPS of $0.15, beating the analyst estimate of $0.10 by 50%. However, sales were $995 million, missing the $1.357 billion estimate by 26.65% and showing a 30.85% decrease from the same period last year.
August 08, 2024 | 10:31 am
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Hanesbrands reported Q2 2024 adjusted EPS of $0.15, beating estimates by 50%, but sales missed estimates by 26.65% and decreased 30.85% YoY.
While the EPS beat is positive, the significant miss in sales and the large YoY decrease in revenue are likely to weigh heavily on investor sentiment, leading to a short-term negative impact on the stock price.
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