HanesBrands Inc. announced on February 13, 2025, its fourth-quarter and full-year 2024 results, with all key metrics exceeding expectations. Net sales from continuing operations for Q4 were $888 million.
Gross profit and gross margin increased year-over-year, driven by accelerated cost savings initiatives and lower input costs. Operating profit and operating margin also increased, supported by disciplined expense management and strategic brand investments.
The company announced its plan to exit the Champion Japan license by the end of 2025, reclassifying this business to discontinued operations in Q4 2024. For the full year 2024, Champion Japan generated approximately $124 million of net sales and an adjusted operating profit of approximately $12 million.
HanesBrands provided a positive full-year 2025 financial outlook, projecting net sales of approximately $3.53 billion. Operating profit is expected to increase by 17% to approximately $485 million, and EPS is anticipated to grow by 65% to approximately $0.66.
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