Hanesbrands down on weaker Q2 sales, full-year outlook

Hanesbrands

10/08/2023 13:36

** Shares of clothing company Hanesbrands  HBI.N  down 6.2%
to $5 before the bell
    ** Co reports slowdown in Q2 sales and estimates
lower-than-expected net sales for FY23
    **  Net sales for Q2 down 4.9% YoY to $1.4 mln
    ** Expects full year net sales to be in a $5.8-$5.9 bln
range, below analysts' estimates of $6.05 bln - Refinitiv
    ** As of last close, shares down 16.2% YTD

 (Reporting by Pritam Biswas in Bengaluru)
 ((Pritam.Biswas@thomsonreuters.com))