BUZZ-HanesBrands jumps on annual revenue forecast lift
Reuters
Aug 07
BUZZ-HanesBrands jumps on annual revenue forecast lift
Aug 7 (Reuters) - ** Shares of apparel maker HanesBrands HBI.N up about 13.6% at $4.74
** Company raises FY25 net sales forecast to about $3.53 billion from a previous target range of $3.47 billion to $3.52 billion
** Also increases FY25 adj. EPS forecast to about $0.66 from a prior expectation of $0.51 to $0.55
** HBI reportsQ2 sales of $991 million, beating market estimates of $970 million buoyed by benefits from cost savings and productivity initiatives
** Company also reports Q2 adj. EPS of $0.24, above analysts' estimates of $0.18, according to data compiled by LSEG
** Stocks down about 41% YTD
(Reporting by Aditi Tiwari In Bengaluru)
((Aditi.Tiwari@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.