American company HanesBrands Inc’s gross profit rises 5.2% in FY24
HanesBrands has reported net sales of $3.51 billion for the full-year 2024, down 3.6 per cent YoY, with gross profit rising 5.2 per cent to $1.36 billion. Q4 sales grew 4.5 per cent to $888.5 million. Operating profit fell 30.2 per cent to $185.9 million. Net loss widened to $320.4 million. For 2025, the company expects net sales of $3.47-$3.52 billion and adjusted EPS of $0.51-$0.55.
HanesBrands has reported net sales of $3.51 billion for the full-year 2024, down 3.6 per cent YoY, with gross profit rising 5.2 per cent to $1.36 billion.
Q4 sales grew 4.5 per cent to $888.5 million.
Operating profit fell 30.2 per cent to $185.9 million.
Net loss widened to $320.4 million.
For 2025, the company expects net sales of $3.47-$3.52 billion and adjusted EPS of $0.51-$0.55.
