Key Financial Results Revenue: US$995.4m (down 31% from 2Q 2023). Net loss: US$136.
5m (loss widened by US$114.1m from 2Q 2023). US$0.
39 loss per share (further deteriorated from US$0.064 loss in 2Q 2023). Hanesbrands Revenues and Earnings Miss Expectations Revenue missed analyst estimates by 26%.
Earnings per share (EPS) was also behind analyst expectations. Looking ahead, revenue is expected to decline by 5.5% p.
a. on average during the next 3 years, while revenues in the Luxury industry in the US are expected to grow by 5.8%.
The company's shares are up 13% from a week ago. Risk Analysis You still need to take note of risks, for example - Hanesbrands has we think you should be aware of..