HanesBrands jumps on annual revenue forecast lift

Hanesbrands

07/08/2025 16:52

Aug 7 (Reuters) - ** Shares of apparel maker HanesBrands HBI.N up about 13.6% at $4.74

** Company raises FY25 net sales forecast to about $3.53 billion from a previous target range of $3.47 billion to $3.52 billion

** Also increases FY25 adj. EPS forecast to about $0.66 from a prior expectation of $0.51 to $0.55

** HBI reports Q2 sales of $991 million, beating market estimates of $970 million buoyed by benefits from cost savings and productivity initiatives

** Company also reports Q2 adj. EPS of $0.24, above analysts' estimates of $0.18, according to data compiled by LSEG

** Stocks down about 41% YTD

(Reporting by Aditi Tiwari In Bengaluru)

((Aditi.Tiwari@thomsonreuters.com;))