HanesBrands: Q1 Earnings Snapshot
By AP News
Published - May 03, 2023, 07:30 AM ET
Last Updated - Jun 21, 2023, 11:31 PM EDT
WINSTON-SALEM, N.C. (AP) — WINSTON-SALEM, N.C. (AP) — HanesBrands Inc. (HBI) on Wednesday reported a loss of $34.4 million in its first quarter.
The Winston-Salem, North Carolina-based company said it had a loss of 10 cents per share. Losses, adjusted for non-recurring costs, came to 6 cents per share.
The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 6 cents per share.
The underwear, T-shirt and sock maker posted revenue of $1.39 billion in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $1.38 billion.
