Hanesbrands Inc

HBI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$69.70	Hbdlxpz	Nxnjfzgg

Hanesbrands Earnings: Progress Comes Slowly but Turnaround Is in the Works; Shares Very Undervalued

David Swartz

Nov 9, 2023

Hanesbrands showed progress in improving its margins in the third quarter even as consumer demand for its basics and activewear has been soft. We intend to lower our fourth-quarter forecast given market conditions and its guidance but are confident that Hanes will exit 2023 with less inventory and an improved gross margin run rate in the high 30s.

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