Hanesbrands: Q1 Earnings Insights

Hanesbrands HBI reported its Q1 earnings results on Wednesday, May 3, 2023 at 07:00 AM.

Here's what investors need to know about the announcement.

Hanesbrands beat estimated earnings by 14.29%, reporting an EPS of $-0.06 versus an estimate of $-0.07.

Revenue was down $187.00 million from the same period last year.

Last quarter the company missed on EPS by $0.0 which was followed by a 4.3% increase in the share price the next day.

Here's a look at Hanesbrands's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.07	0.27	0.33	0.28
EPS Actual	0.07	0.29	0.28	0.34
Revenue Estimate	1.46B	1.71B	1.69B	1.54B
Revenue Actual	1.47B	1.67B	1.51B	1.58B

To track all earnings releases for Hanesbrands visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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