The latest announcement is out from Hanesbrands ( (HBI) ).
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
HanesBrands has reported strong financial results for the third quarter of 2024, with net sales at $937 million and impressive increases in both GAAP and adjusted gross margins. The company has successfully reduced its leverage and raised its full-year outlook for profit and cash flow, driven by strategic actions to enhance operational efficiency and reduce costs. Notably, HanesBrands has paid down approximately $870 million of debt and expects continued margin improvement and cash generation through 2025.
For an in-depth examination of HBI stock, go to TipRanks’ Stock Analysis page.
