Latest news with #HanesBrands
Fibre2Fashion
09-05-2025
- Business
- Fibre2Fashion
US' HanesBrands' earnings climb as gross margin hits 41.7% in Q1 2025
American clothing company HanesBrands Inc has reported net sales of $760 million in the first quarter (Q1) of 2025 ended March 29, an increase of 2.1 per cent year-over-year (YoY). On an organic constant currency basis, net sales remained consistent with the previous year. The gross profit rose by 6 per cent to $317 million, with gross margin improving by 170 basis points (bps) to 41.7 per cent, driven by lower input costs, cost-saving initiatives, and strategic assortment management. The adjusted gross profit also increased by 6 per cent to $316 million, and adjusted gross margin climbed by 165 bps to 41.6 per cent, excluding restructuring and other related charges. HanesBrands Inc has reported net sales of $760 million in Q1 2025, up 2.1 per cent YoY, with gross margin rising to 41.7 per cent. Adjusted operating profit grew 61 per cent to $81 million, and adjusted EPS rose to $0.07. US and international sales declined slightly. For FY25, sales are projected at $3.47â€'$3.52 billion. Its Q2 sales are expected at $970 million, with adjusted EPS of $0.18. The company continued its supply chain optimisation efforts through consolidation and cost reduction measures aimed at lowering fixed costs, improving efficiencies, and enhancing customer service, all while maintaining lower inventory levels, HanesBrands said in a press release. The adjusted operating profit increased by 61 per cent to $81 million, accompanied by a 390 bps rise in adjusted operating margin to 10.7 per cent. The diluted earnings per share (EPS) grew by approximately 145 per cent to $0.04, while adjusted EPS climbed 240 per cent to $0.07. Region-wise, US net sales declined by 1 per cent YoY, as continued growth in basics, active, and new businesses—fuelled by innovation, increased brand investments, and expanded programming—was offset by persistent challenges in the intimate apparel segment, mirroring broader market trends. The international net sales fell by 2 per cent on a reported basis, impacted by a $12 million foreign exchange headwind. However, on a constant currency basis, international sales rose 4 per cent, with growth recorded in Australia and Asia and stable performance in the Americas. For the fiscal 2025, ending January 3, 2026, the company expects net sales from continuing operations to range between approximately $3.47 billion and $3.52 billion. At the midpoint, net sales are anticipated to remain broadly consistent with the prior year on a reported basis and to grow by around 1 per cent on an organic constant currency basis. GAAP operating profit is forecast to be between $425 million and $440 million, while adjusted operating profit is expected to range from $450 million to $465 million, excluding approximately $25 million in pretax restructuring and other action-related charges, added the release. For the second quarter (Q2) of 2025, ending June 28, HanesBrands expects net sales of approximately $970 million, including an estimated $15 million headwind from foreign currency exchange rate changes. Net sales are projected to remain broadly consistent with the prior year on both a reported and organic constant currency basis. GAAP operating profit is anticipated to be around $129 million, while adjusted operating profit is forecast at approximately $136 million, excluding roughly $7 million in pretax restructuring and other action-related charges. GAAP earnings per share (EPS) is projected at approximately $0.16, with adjusted EPS expected at $0.18, based on an estimated 357 million fully diluted shares outstanding. 'We delivered another strong quarter, including revenue, operating profit and earnings per share that exceeded our expectations as we continue to see the benefits of our growth strategy and prior transformation initiatives,' said Steve Bratspies, chief executive officer (CEO) at HanesBrands . 'We also reiterated our full-year outlook, which now reflects our expected impact from US tariffs, as the current environment presents challenges but also creates real revenue opportunities. 'We are confident that we can fully mitigate the cost headwinds as we have many levers to pull, including further cost reductions and pricing actions. We are also actively pursuing new revenue opportunities, which we believe we are in an advantaged position to capture given our western hemisphere supply chain speed and capabilities matched with our strong retailer relationships,' added Bratspies. Fibre2Fashion News Desk (SG)
Fashion Network
09-05-2025
- Business
- Fashion Network
HanesBrands sales up despite intimates apparel headwinds
HanesBrands announced on Thursday sales for the first quarter rose 2.1% to $760 million, a better-than-expected growth rate at the U.S. apparel firm, which noted headwinds across its intimates apparel business locally. The North Carolina-based company said U.S. sales decreased 1%. The company said it remained focused on core growth fundamentals including innovation, increased brand investments, and incremental programming opportunities, delivering year-over-year growth in its basics, active, and new businesses segments. However, this growth was more than offset by continued headwinds in the intimate apparel business, it added. Likewise, the owner of Bonds and Berlei underwear brands, among others, said international sales fell 2% on a reported basis, which included a $12 million headwind from unfavorable foreign exchange rates. International sales increased 4% on a constant currency basis, thanks to sales growth in Australia and Asia, and steady growth in the Americas. For the three months ending March 29, income from continuing operations totaled $14 million, or $0.04 per diluted share, compared to a loss from continuing operations of $33 million, or $0.09 per diluted share in the prior-year quarter. 'We delivered another strong quarter, including revenue, operating profit and earnings per share that exceeded our expectations as we continue to see the benefits of our growth strategy and prior transformation initiatives,' said Steve Bratspies, CEO, HanesBrands. 'We also reiterated our full-year outlook, which now reflects our expected impact from U.S. tariffs, as the current environment presents challenges but also creates real revenue opportunities. We're confident we can fully mitigate the cost headwinds as we have many levers to pull, including further cost reductions and pricing actions. We're also actively pursuing new revenue opportunities, which we believe we're in an advantaged position to capture given our western hemisphere supply chain speed and capabilities matched with our strong retailer relationships.' Looking ahead, the company said it expects sales from continuing operations to fall between $3.47 billion and $3.52 billion, which includes projected headwinds of some $60 million from changes in foreign currency exchange rates.
Fashion Network
09-05-2025
- Business
- Fashion Network
HanesBrands sales up despite intimates apparel headwinds
HanesBrands announced on Thursday sales for the first quarter rose 2.1% to $760 million, a better-than-expected growth rate at the U.S. apparel firm, which noted headwinds across its intimates apparel business locally. The North Carolina-based company said U.S. sales decreased 1%. The company said it remained focused on core growth fundamentals including innovation, increased brand investments, and incremental programming opportunities, delivering year-over-year growth in its basics, active, and new businesses segments. However, this growth was more than offset by continued headwinds in the intimate apparel business, it added. Likewise, the owner of Bonds and Berlei underwear brands, among others, said international sales fell 2% on a reported basis, which included a $12 million headwind from unfavorable foreign exchange rates. International sales increased 4% on a constant currency basis, thanks to sales growth in Australia and Asia, and steady growth in the Americas. For the three months ending March 29, income from continuing operations totaled $14 million, or $0.04 per diluted share, compared to a loss from continuing operations of $33 million, or $0.09 per diluted share in the prior-year quarter. 'We delivered another strong quarter, including revenue, operating profit and earnings per share that exceeded our expectations as we continue to see the benefits of our growth strategy and prior transformation initiatives,' said Steve Bratspies, CEO, HanesBrands. 'We also reiterated our full-year outlook, which now reflects our expected impact from U.S. tariffs, as the current environment presents challenges but also creates real revenue opportunities. We're confident we can fully mitigate the cost headwinds as we have many levers to pull, including further cost reductions and pricing actions. We're also actively pursuing new revenue opportunities, which we believe we're in an advantaged position to capture given our western hemisphere supply chain speed and capabilities matched with our strong retailer relationships.' Looking ahead, the company said it expects sales from continuing operations to fall between $3.47 billion and $3.52 billion, which includes projected headwinds of some $60 million from changes in foreign currency exchange rates.
Fashion Network
08-05-2025
- Business
- Fashion Network
HanesBrands sales up despite intimates apparel headwinds
HanesBrands announced on Thursday sales for the first quarter rose 2.1% to $760 million, a better-than-expected growth rate at the U.S. apparel firm, which noted headwinds across its intimates apparel business locally. The North Carolina-based company said U.S. sales decreased 1%. The company said it remained focused on core growth fundamentals including innovation, increased brand investments, and incremental programming opportunities, delivering year-over-year growth in its basics, active, and new businesses segments. However, this growth was more than offset by continued headwinds in the intimate apparel business, it added. Likewise, the owner of Bonds and Berlei underwear brands, among others, said international sales fell 2% on a reported basis, which included a $12 million headwind from unfavorable foreign exchange rates. International sales increased 4% on a constant currency basis, thanks to sales growth in Australia and Asia, and steady growth in the Americas. For the three months ending March 29, income from continuing operations totaled $14 million, or $0.04 per diluted share, compared to a loss from continuing operations of $33 million, or $0.09 per diluted share in the prior-year quarter. 'We delivered another strong quarter, including revenue, operating profit and earnings per share that exceeded our expectations as we continue to see the benefits of our growth strategy and prior transformation initiatives,' said Steve Bratspies, CEO, HanesBrands. 'We also reiterated our full-year outlook, which now reflects our expected impact from U.S. tariffs, as the current environment presents challenges but also creates real revenue opportunities. We're confident we can fully mitigate the cost headwinds as we have many levers to pull, including further cost reductions and pricing actions. We're also actively pursuing new revenue opportunities, which we believe we're in an advantaged position to capture given our western hemisphere supply chain speed and capabilities matched with our strong retailer relationships.' Looking ahead, the company said it expects sales from continuing operations to fall between $3.47 billion and $3.52 billion, which includes projected headwinds of some $60 million from changes in foreign currency exchange rates.
Yahoo
08-05-2025
- Business
- Yahoo
HanesBrands Posts Strong Q1 Despite Tariff Headwinds, Stock Soars
Shares of clothing company HanesBrands Inc. (NYSE:HBI) are trading higher on Thursday after the company reported better-than-expected first-quarter 2025 earnings. Sales grew 2.1% year-over-year to $760.148 million, beating the analyst consensus estimate of $752.34 million. Adjusted EPS of 7 cents beat the analyst consensus of 2 cents. U.S. net sales declined 1% year over year as gains in Basics, Active, and New were outweighed by ongoing challenges in Intimate Apparel business. Operating margin rose to 20.9%, up 285 basis points from last year, driven by cost savings, lower input costs, and a better product net sales declined 2% on a reported basis due to a $12 million FX headwind but rose 4% in constant currency, with growth in Australia and Asia. Operating margin improved to 11.5%, up 310 basis points, driven by a favorable mix, cost savings, and lower input costs. Adjusted gross profit also grew 6% to $316 million, with an adjusted gross margin rising 165 basis points to 41.6%, excluding restructuring-related charges. Adjusted operating profit rose 61% to $81 million, and adjusted operating margin improved 390 basis points to 10.7% compared to last year. Inventory fell 5% year-over-year to $977 million, aided by better SKU management, lower costs, and stronger sales. Operating cash outflow was $108 million, compared to an inflow of $26 million last year, due to seasonal inventory builds for back-to-school, while free cash outflow was $119 million, down from an inflow of $6 million. "We also reiterated our full-year outlook, which now reflects our expected impact from U.S. tariffs, as the current environment presents challenges but also creates real revenue opportunities. We're confident we can fully mitigate the cost headwinds as we have many levers to pull, including further cost reductions and pricing actions,' commented Steve Bratspies, CEO. 'We're also actively pursuing new revenue opportunities, which we believe we're in an advantaged position to capture given our western hemisphere supply chain speed and capabilities matched with our strong retailer relationships,' he added. Second quarter Outlook: HanesBrands anticipates sales of $970 million against an estimate of $972.50 million. It sees adjusted EPS of $0.18 against an estimate of $0.19. 2025 Outlook: HBI reaffirms sales guidance of $3.47 billion to $3.52 billion versus an estimated $3.50 billion. It sees FY25 adjusted EPS of $0.51 to $0.55 versus the $0.51 estimate. Price Action: At the last check on Thursday, HBI shares were trading higher by 4.60% to $5.115. Read Next:Image by DCStockPhotography via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? HANESBRANDS (HBI): Free Stock Analysis Report This article HanesBrands Posts Strong Q1 Despite Tariff Headwinds, Stock Soars originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
