Stock Track | Hanesbrands Plunges 5.6% Pre-Market as CEO Departs and Q4 Revenue Misses Forecasts

Stock Track

Feb 13, 2025

Hanesbrands Inc. (HBI) stock plummeted 5.6% in pre-market trading on Thursday, after the apparel maker announced the impending departure of CEO Steve Bratspies and reported fourth quarter revenue that fell short of analyst estimates.

The company revealed that Bratspies will step down as CEO and from the board by the end of 2025 or upon the appointment of his successor. Hanesbrands has initiated a search process and retained executive search firm Spencer Stuart to identify the next chief executive.

On the financial front, Hanesbrands' Q4 2024 revenue grew 1.1% year-over-year to $888.5 million but missed Wall Street's expectations of $950.3 million. The company also provided underwhelming forward guidance, projecting fiscal 2025 revenue of $3.47 billion to $3.52 billion, below consensus estimates of $3.63 billion. For Q1 2025, revenue is expected to be around $750 million, 4.1% lower than forecasts.

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(HBI) stock plummeted 5.6% in pre-market trading on Thursday, after the apparel maker announced the impending departure of CEO Steve Bratspies and reported fourth quarter revenue that fell short of analyst estimates.</p>\n\n<p>The company revealed that Bratspies will step down as CEO and from the board by the end of 2025 or upon the appointment of his successor. Hanesbrands has initiated a search process and retained executive search firm Spencer Stuart to identify the next chief executive.</p>\n\n<p>On the financial front, Hanesbrands' Q4 2024 revenue grew 1.1% year-over-year to $888.5 million but missed Wall Street's expectations of $950.3 million. The company also provided underwhelming forward guidance, projecting fiscal 2025 revenue of $3.47 billion to $3.52 billion, below consensus estimates of $3.63 billion. For Q1 2025, revenue is expected to be around $750 million, 4.1% lower than forecasts.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Hanesbrands Plunges 5.6% Pre-Market as CEO Departs and Q4 Revenue Misses Forecasts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Hanesbrands Plunges 5.6% Pre-Market as CEO Departs and Q4 Revenue Misses Forecasts\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-02-13 22:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Hanesbrands Inc. (HBI) stock plummeted 5.6% in pre-market trading on Thursday, after the apparel maker announced the impending departure of CEO Steve Bratspies and reported fourth quarter revenue that fell short of analyst estimates.</p>\n\n<p>The company revealed that Bratspies will step down as CEO and from the board by the end of 2025 or upon the appointment of his successor. Hanesbrands has initiated a search process and retained executive search firm Spencer Stuart to identify the next chief executive.</p>\n\n<p>On the financial front, Hanesbrands' Q4 2024 revenue grew 1.1% year-over-year to $888.5 million but missed Wall Street's expectations of $950.3 million. The company also provided underwhelming forward guidance, projecting fiscal 2025 revenue of $3.47 billion to $3.52 billion, below consensus estimates of $3.63 billion. For Q1 2025, revenue is expected to be around $750 million, 4.1% lower than forecasts.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HBI","symbol_name":"哈尼斯品牌服装","start_time":0,"source_url":"","article_id":"1174015160","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1174015160","pubTimestamp":1739456308,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Hanesbrands Inc.  stock plummeted 5.6% in pre-market trading on Thursday, after the apparel maker announced the impending departure of CEO Steve Bratspies and reported fourth quarter revenue that fell short of analyst estimates.The company revealed that Bratspies will step down as CEO and from the board by the end of 2025 or upon the appointment of his successor. 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