![Hanesbrands Inc. [HBI] reports annual net loss of $77.9 million](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FHBI.png&w=3840&q=75)
Hanesbrands Inc. [HBI] reports annual net loss of $77.9 million
Company Reports Revenue of $1.3 billion
Hanesbrands Inc. [HBI] has reported a net loss of $77.9 million for year ended Dec 30, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $1.3 billion
Based in WINSTON-SALEM, North Carolina, Hanesbrands Inc. operates in the RETAIL sector.
In the 4th quarter of the fiscal year ending December 30, 2023, the company reported net sales of $1.3 billion, showing a decrease compared to the same period in 2022 which had net sales of $1.5 billion. The cost of sales for the current quarter was $803.2 million, lower than the previous year's figure of $971.3 million.
Gross profit for the quarter amounted to $493.7 million, slightly lower than the $502 million reported in the same quarter the previous year. Operating profit showed a significant improvement, reaching $96.1 million compared to $60.3 million in the same quarter of 2022.
