---
schema_version: "secwatch.filing_event.v1"
accession: "0001359841-24-000020"
form_type: "8-K"
ticker: null
cik: "0001359841"
company_name: "Hanesbrands Inc."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T05:15:33.538915+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hanesbrands Q1 adj. op profit $84M beats high-end; reaffirms FY guidance

## Summary
- Net sales $1.16B, down 17% YoY (organic constant currency -15%); gross margin 39.9% +750bps YoY.
- GAAP operating profit $52M; adjusted operating profit $84M (+32% YoY) exceeded company's high-end guidance.
- Inventory reduced 28% YoY to $1.42B; operating cash flow $26M; leverage 5.0x net debt/adj. EBITDA (down from 5.4x).
- Q2 guidance: net sales $1.335B-$1.375B, adj. EPS $0.07-$0.11. FY 2024 reaffirmed: adj. EPS $0.42-$0.48, >$300M debt paydown.
- U.S. Innerwear gained 50bps market share; Global Champion sales down 26% (25% constant currency), in line with outlook.

## SEC filing metadata
- accession: 0001359841-24-000020
- form_type: 8-K
- cik: 0001359841
- company_name: Hanesbrands Inc.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1359841/000135984124000020/0001359841-24-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1359841/000135984124000020/hbi-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001359841-24-000020
- JSON: https://secwatch.observer/filing/0001359841-24-000020.json
- Plain text: https://secwatch.observer/filing/0001359841-24-000020.txt

## Key facts
- Earnings Releases
  Hanesbrands Inc. reported first quarter ended March 30, 2024 results: revenue $1.16 billion. Guidance reaffirmed.
  - Period: first quarter ended March 30, 2024
  - Revenue: $1.16 billion
  - Guidance: reaffirmed
  - Result: reported results
  source text: Media contact: Nicole Ducouer (336) 986-7090 Analysts and Investors contact: T.C. Robillard (336) 519-2115 HanesBrands Announces First-Quarter 2024 Results • Net sales were $1.16 billion, the midpoint of the Company’s expected range. • GAAP and Adjusted gross margin of 39.9% increased 750 and 720 basis points, respectively, compared to prior year, ahead of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1359841/000135984124000020/0001359841-24-000020-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.