HanesBrands Reports Significant Loss in Quarterly Earnings Update
HanesBrands Q2 Revenue Decreases by 3.8% Year-over-Year
HanesBrands Inc. [HBI] reported a net loss of $63,129 for the second quarter ended June 29, 2024. Compared to the previous quarter, the loss represents a significant change in financial performance for the apparel company in Q2.
The company, headquartered in Winston-Salem, N.C., has filed with SEC an 8-K earnings report.
HanesBrands Inc., a prominent player in the apparel industry, reported revenue of $995,393. This figure represents a decrease from the previous quarter's revenue, indicating fluctuations in the company's financial performance within the industry sector.
In comparison to the same quarter in the previous year, HanesBrands Inc. experienced a decrease in revenue, with a revenue for the current quarter of $995,393. Additionally, there was a notable percentage change in profit or loss for the current quarter when compared to the same quarter in the previous year.
