HanesBrands Reports Strong 2024 Results and Strategic Moves

Hanesbrands Inc ( (HBI) ) has released its Q4 earnings. Here is a breakdown of the information Hanesbrands Inc presented to its investors.

HanesBrands Inc., a global leader in iconic apparel brands, is renowned for its basics and innerwear, including brands like Hanes, Bonds, Maidenform, and Bali. The company released its fourth-quarter and full-year 2024 financial results, highlighting better-than-expected performance and strategic restructuring moves.

In its latest earnings report, HanesBrands reported a 4.5% increase in net sales for the fourth quarter, with significant growth in operating margins and earnings per share. The company also announced its decision to exit the Champion Japan license, reclassifying it to discontinued operations. Key financial highlights include a full-year cash flow from operations of $264 million and a substantial debt reduction of over $1 billion.

The company’s operating profit saw a 27% increase, driven by improved gross and operating margins, while strategic investments in brand development contributed to increased SG&A expenses. HanesBrands also reported a decrease in interest expenses by 13%, reflecting its ongoing efforts to manage debt effectively.

Looking ahead to 2025, HanesBrands projects net sales growth and continued margin expansion, with plans to refinance its 2026 debt maturities. The company is well-positioned to capitalize on its transformation strategy, anticipating strong sales growth and shareholder value creation.

HanesBrands’ management remains optimistic about sustaining its growth trajectory, underpinned by strategic initiatives and financial discipline, as they navigate the evolving market landscape.