Shares of HanesBrands (NYSE:HBI) are soaring 6.85% in Thursday's trading session following the company's impressive first-quarter 2025 financial results. The apparel manufacturer significantly outperformed analysts' expectations, demonstrating resilience in a challenging economic environment.
HanesBrands reported adjusted earnings per share of $0.07, surpassing the consensus estimate of $0.02 by a remarkable 250%. This represents a substantial improvement from the $0.02 loss per share recorded in the same period last year. Quarterly sales reached $760.15 million, beating analyst expectations of $752.34 million. The company's strong performance extended beyond its top and bottom lines, with a gross margin of 41.7% and an adjusted operating margin of 10.7%.
Looking ahead, HanesBrands provided an optimistic outlook for the second quarter, projecting adjusted earnings per share of about $0.18 and net sales of approximately $970 million. The company also reiterated its full-year 2025 guidance, which includes expected impacts from U.S. tariffs. Management expressed confidence in mitigating cost headwinds through further cost reductions and strategic pricing actions, boosting investor confidence in the company's growth trajectory.