Latest news with #SteveBratspies
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.
Yahoo
08-05-2025
- Business
- Yahoo
HanesBrands Inc. Announces First-Quarter 2025 Results
Reports better-than-expected first quarter results. Reiterates full-year 2025 guidance, which includes its expected impacts from U.S. tariffs. Net Sales were $760 million; an increase of 2.1% over prior year and consistent with prior year on an organic constant currency basis. GAAP Gross Margin increased 170 basis points over prior year to 41.7%. Adjusted Gross Margin increased 165 basis points to 41.6%. GAAP Operating Profit increased 126% over prior year to $80 million and GAAP Operating Margin increased 575 basis points to 10.5%. Adjusted Operating Profit increased 61% to $81 million and Adjusted Operating Margin increased 390 basis points to 10.7%. GAAP earnings per share (EPS) increased approximately 145% over prior year to $0.04. Adjusted EPS increased 240% to $0.07. Completed refinancing of all 2026 maturities in first-quarter 2025. Leverage declined 1.4 times compared to prior year to 3.6 times net debt-to-adjusted EBITDA. WINSTON-SALEM, N.C., May 08, 2025 --(BUSINESS WIRE)--HanesBrands Inc. (NYSE: HBI), a global leader in everyday iconic apparel, today announced results for the first-quarter 2025. "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. "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." First-Quarter 2025 Results Net Sales from continuing operations were $760 million. Net Sales increased 2.1% compared to prior year. On an organic constant currency basis, Net Sales were consistent with prior year (Table 2-B). Gross Profit and Gross Margin increased year-over-year driven by lower input costs, the benefits from cost savings initiatives, and the benefits from assortment management. The Company continued its consolidation and other optimization actions in its supply chain to lower fixed costs, increase efficiencies, and further improve customer service and in-stocks with lower levels of inventory. The Company expects these actions to drive continued benefits in 2025. Gross Profit increased 6% to $317 million and Gross Margin increased 170 basis points to 41.7% as compared to prior year. Adjusted Gross Profit increased 6% to $316 million and Adjusted Gross Margin increased 165 basis points to 41.6% as compared to prior year. Adjusted Gross Profit and Adjusted Gross Margin exclude certain costs related to restructuring and other action-related charges (Table 6-A).
