HanesBrands Q3 Earnings: Mixed Results Ahead of Merger

HanesBrands Q3 earnings missed expectations, with revenue down 1% to $891.7M and adjusted EPS at 15¢ vs. projected 16¢. Major retail partner order change caused revenue dip. Despite, adjusted operating profit rose 3% to $116M and operating margin improved. CEO Bratspies expressed optimism, citing improved sales trends and strong back-to-school season for Hanes. The company, set to merge with Gildan, is on track to meet full-year earnings outlook.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.