Hanesbrands Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag
Hanesbrands (NYSE:HBI) Full Year 2023 Results
Key Financial Results
Revenue: US$5.64b (down 9.6% from FY 2022).
Net loss: US$17.7m (loss narrowed by 87% from FY 2022).
US$0.051 loss per share (improved from US$0.38 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Hanesbrands EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 77%.
Looking ahead, revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Luxury industry in the US.
Performance of the American Luxury industry.
The company's shares are down 7.0% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for Hanesbrands that you should be aware of before investing here.
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