NYSE$HBI
Hanesbrands Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
HanesBrands announced strong Q3 2024 results, exceeding expectations for operating profit, earnings per share, and cash flow.
HanesBrands reported net sales at $937 million, consistent with the prior year on an organic constant currency basis. The company raised its full-year and fourth-quarter outlook for operating profit, earnings per share, and operating cash flow due to year-to-date performance and strong visibility to continued margin improvement. The company is on track to pay down approximately $1 billion of debt in the second half of 2024, with approximately $870 million paid down as of the end of October.
- Net sales were $937 million, consistent with prior year on an organic constant currency basis.
- GAAP and Adjusted gross margins increased by approximately 530 and 525 basis points, respectively, compared to prior year.
- GAAP and Adjusted operating margins increased by 255 and 435 basis points, respectively, compared to prior year.
- The company is on track to pay down approximately $1 billion of debt in the second half of 2024, with approximately $870 million paid down as of the end of October.
Headline financials
Revenue & EPS history
Hanesbrands · Revenue · Quarterly
$937M
Forward guidance
For fourth-quarter 2024, HanesBrands expects net sales of approximately $900 million, GAAP operating profit of approximately $95 million, and adjusted operating profit of approximately $115 million. GAAP earnings per share are expected to be approximately $0.06, and adjusted earnings per share are expected to be approximately $0.14.
Tailwinds
- Net sales from continuing operations of approximately $900 million, representing an approximate 2% increase compared to prior year on a reported basis.
- GAAP operating profit from continuing operations of approximately $95 million.
- Adjusted operating profit from continuing operations of approximately $115 million.
- GAAP earnings per share from continuing operations of approximately $0.06.
- Adjusted earnings per share from continuing operations of approximately $0.14.
Headwinds
- Net sales includes projected headwind of approximately $4 million from changes in foreign currency exchange rates.
- Adjusted operating profit includes a projected headwind of approximately $1 million from changes in foreign currency exchange rates.
- GAAP Other expenses of approximately $24 million, which includes approximately $10 million of accelerated amortization of debt issuance costs.
- Adjusted Other expenses of approximately $14 million.
- GAAP and Adjusted Tax expense of approximately $5 million, which includes a net tax benefit primarily related to a release of certain tax reserves.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 15 quarterly earnings reports · overlaid with Q3 2024
-1.7%
Avg return
Earnings day
+1.0%
Avg return
5 days after
-0.8%
Avg return
30 days after
39%
25 / 64 earnings
Positive
+17.2%
Q4 2020
Best reaction
-24.8%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | — | — | — | |
| Q3 2025 | -3.3% | -2.6% | — | |
| Q2 2025 | +11.8% | +48.3% | +54.1% | |
| Q1 2025 | +4.1% | +10.0% | +2.3% | |
| Q4 2024 | -18.5% | -20.6% | -23.4% | |
| Q3 2024 | +12.7% | +12.4% | +19.2% | |
| Q2 2024 | +17.1% | +16.3% | +21.5% | |
| Q1 2024 | +11.2% | +11.0% | +16.4% | |
| Q4 2023 | -9.3% | -3.8% | +20.4% | |
| Q3 2023 | -4.7% | -1.4% | -8.5% | |
| Q2 2023 | +4.3% | +3.4% | -11.1% | |
| Q1 2023 | -11.2% | -11.6% | -10.2% | |
| Q4 2022 | -24.8% | -31.3% | -33.2% | |
| Q3 2022 | -4.0% | +3.8% | -10.3% | |
| Q2 2022 | -8.6% | -3.4% | -20.5% | |
| Q1 2022 | -11.1% | -14.0% | -16.9% | |
| Q4 2021 | -0.5% | +0.9% | -2.2% | |
| Q3 2021 | -1.6% | -1.2% | -9.9% | |
| Q2 2021 | +8.1% | — | — | |
| Q1 2021 | -14.3% | — | — | |
| Q4 2020 | +17.2% | — | — | |
| Q3 2020 | -21.5% | — | — | |
| Q2 2020 | -3.5% | — | — | |
| Q1 2020 | -7.8% | — | — | |
| Q4 2019 | -3.7% | — | — | |
| Q3 2019 | -3.4% | — | — | |
| Q2 2019 | -5.8% | — | — | |
| Q1 2019 | -1.8% | — | — | |
| Q4 2018 | +14.6% | — | — | |
| Q3 2018 | -7.0% | — | — | |
| Q2 2018 | -17.9% | — | — | |
| Q1 2018 | -6.4% | — | — | |
| Q4 2017 | -12.3% | — | — | |
| Q3 2017 | -10.8% | — | — | |
| Q2 2017 | +3.2% | — | — | |
| Q1 2017 | -5.0% | — | — | |
| Q4 2016 | -18.3% | — | — | |
| Q3 2016 | +7.9% | — | — | |
| Q2 2016 | -5.8% | — | — | |
| Q1 2016 | +1.3% | — | — | |
| Q4 2015 | -18.0% | — | — | |
| Q3 2015 | +17.0% | — | — | |
| Q2 2015 | -8.0% | — | — | |
| Q1 2015 | -5.6% | — | — | |
| Q4 2014 | -2.7% | — | — | |
| Q3 2014 | -3.2% | — | — | |
| Q2 2014 | +3.3% | — | — | |
| Q1 2014 | +6.1% | — | — | |
| Q4 2013 | +13.0% | — | — | |
| Q3 2013 | +6.3% | — | — | |
| Q2 2013 | +6.1% | — | — | |
| Q1 2013 | +3.0% | — | — | |
| Q4 2012 | +4.1% | — | — | |
| Q3 2012 | -1.6% | — | — | |
| Q2 2012 | +4.8% | — | — | |
| Q1 2012 | +10.3% | — | — | |
| Q4 2011 | +0.6% | — | — | |
| Q3 2011 | -1.2% | — | — | |
| Q2 2011 | +1.3% | — | — | |
| Q4 2009 | -1.9% | — | — | |
| Q1 2011 | +0.8% | — | — | |
| Q3 2010 | -5.5% | — | — | |
| Q4 2010 | -2.4% | — | — | |
| Q2 2010 | -2.4% | — | — | |
| Q1 2010 | -1.8% | — | — |
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