BUZZ-HanesBrands falls on quarterly sales miss and weak annual forecasts

Reuters

2025/02/13

** Apparel maker HanesBrands' HBI.N shares fall 3.7% to $7.38 premarket

** Co posts fourth quarter net sales of $888.4 million, missing analysts' expectations of $950.3 million, according to data compiled by LSEG

** Forecasts annual sales between $3.47 billion and $3.52 billion, below estimates of $3.66 billion

** Expects annual adjusted earnings per share to be in the range of 51 cents to 55 cents, below analysts' expectations of 57 cents

** HanesBrands says CEO Steve Bratspies will depart at the end of 2025, or upon the appointment of his successor

** HBI stock rose 82.5% in 2024

(Reporting by Aamir Sohail in Bengaluru)

((Aamir.Sohail@thomsonreuters.com;))

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