May. 8 at 11:55 AM
$HBI
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. https://finance.yahoo.com/news/hanesbrands-inc-announces-first-quarter-110000385.html
