Hanesbrands reported strong financial performance and successfully reduced its debt. The company experienced significant growth in new business segments and raised its full-year guidance, indicating confidence in its future performance. However, challenges persist, particularly in the intimates business and due to softness in the U.S. innerwear market. The positives, such as improved margins, debt reduction, and growth in new segments, outweigh the negatives.

Company Guidance -

Q3 2025

In the Hanesbrands Second Quarter 2025 Earnings Call, the company highlighted significant improvements across various financial metrics, which led to an increase in their full-year guidance. Sales for the quarter grew by 2%, operating profit rose by 22%, and earnings per share surged by 60% compared to the prior year. Gross margin expanded by 145 basis points to 41.2%, while operating margin increased by 255 basis points to 15.5%, with SG&A expenses decreasing by 2%. The company also successfully paid down $1.5 billion of debt over the past two years, reducing leverage by nearly 2.5 turns. For the third quarter, Hanesbrands projected sales of approximately $900 million, operating profit of about $122 million, and EPS of roughly $0.16. They raised their full-year sales and profit outlook, now expecting sales to reach approximately $3.53 billion, operating profit to grow by 17% to about $485 million, and EPS to climb by 65% to $0.66. These improvements were attributed to strategic initiatives, cost restructuring actions, productivity improvements, and leveraging advanced analytics.

Better-than-Expected Financial Performance

For the third consecutive quarter, Hanesbrands delivered better-than-expected sales, gross margin, operating profit, and earnings per share. Sales increased 2%, operating profit increased 22%, and EPS increased 60% over the prior year.

Successful Debt Reduction

Hanesbrands has paid down $1.5 billion of debt and reduced leverage by nearly 2.5 turns over the past two years. Leverage at the end of the second quarter was 3.3x on a net debt to adjusted EBITDA basis, 1.3x lower than the prior year, approaching the target range of 2 to 3x.

Growth in New Business Segments

The company saw nearly 30% growth in activewear and 165% growth in new businesses, including scrubs and loungewear products.

Raised Full-Year Guidance

Due to strong first-half performance, Hanesbrands raised its full-year sales and profit outlook. Full-year sales are expected to increase to approximately $3.53 billion, operating profit to increase 17% to approximately $485 million, and EPS to increase 65% to approximately $0.66.

Hanesbrands (HBI) Earnings, Revenues Date & History

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HBI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	0.16 / -	0.15	―	―	―
Aug 07, 2025	2025 (Q2)	0.18 / 0.24	0.15	60.00% (+0.09)	―
May 08, 2025	2025 (Q1)	0.02 / 0.07	-0.02	450.00% (+0.09)	―
Feb 13, 2025	2024 (Q4)	0.14 / 0.17	0.03	466.67% (+0.14)	―
Nov 07, 2024	2024 (Q3)	0.12 / 0.15	0.1	50.00% (+0.05)	―
Aug 08, 2024	2024 (Q2)	0.09 / 0.15	-0.01	1600.00% (+0.16)	―
May 09, 2024	2024 (Q1)	-0.06 / -0.02	-0.06	66.67% (+0.04)	―
Feb 15, 2024	2023 (Q4)	0.09 / 0.03	0.07	-57.14% (-0.04)	―
Nov 09, 2023	2023 (Q3)	0.11 / 0.10	0.29	-65.52% (-0.19)	―
Aug 10, 2023	2023 (Q2)	>-0.01 / -0.01	0.28	-103.57% (-0.29)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

HBI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$4.17	$4.65	+11.51%
May 08, 2025	$4.89	$5.09	+4.09%
Feb 13, 2025	$7.67	$6.25	-18.51%
Nov 07, 2024	$7.10	$8.38	+18.03%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.