Overview

* HanesBrands ( HBI ) Q2 net sales rise 1.8%, beating analyst expectations, per LSEG data

* Adjusted EPS for Q2 increases 60%, surpassing analyst estimates, per LSEG data

* Co raises full-year 2025 outlook for net sales, operating profit, and EPS

Outlook

* HanesBrands ( HBI ) expects full-year 2025 net sales of $3.53 bln

* Company projects full-year adjusted EPS of $0.66

* HanesBrands ( HBI ) sees third-quarter net sales at $900 mln

* Company anticipates $35 mln tax expense for full-year 2025

Result Drivers

* COST SAVINGS - Gross margin improvement driven by cost savings and productivity initiatives, per CEO Steve Bratspies

* LOWER INPUT COSTS - Gross profit and margin benefited from lower input costs

* SG&A REDUCTION - Operating profit increase attributed to lower SG&A expenses and disciplined expense management

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $991.32 $970 mln

mln (6

Analysts

)

Q2 Beat $0.24 $0.18 (5

Adjusted Analysts

EPS )

Q2 Gross 41.6%

Margin

Q2 Beat $153 mln $136 mln

Adjusted (5

operatin Analysts

g profit )

Q2 41.2%

Adjusted

Gross

Margin

Q2 15.5%

Adjusted

operatin

g Margin

Q2 15.6%

Operatin

g Margin

Q2 $154.66

Operatin mln

g profit

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the apparel & accessories peer group is "buy."

* Wall Street's median 12-month price target for HanesBrands Inc ( HBI ) is $5.50, about 24.2% above its August 6 closing price of $4.17

* The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)