Benefits from cost savings, productivity initiatives and a strengthened balance sheet has led to HanesBrands Inc raising its full-year outlook despite challenges in Intimate Apparel business and impact of foreign exchange rates on international sales.

Recording better-than-expected financial results, HanesBrands Inc reported 1.8 per cent increase in net sales in Q2, FY25 to $991 million with its operating profit and earnings per share also increasing significantly.

However, Hanesbrands faces significant financial challenges due to a decline in its revenue and profitability. Technical indicators suggest bearish momentum, further weighing on the evaluation. Despite a positive earnings call and corporate developments, the overall risk profile remains concerning due to financial instability and market headwinds.

A global leader in everyday iconic apparel, Hanesbrands Inc focuses primarily on basics, activewear, and intimate apparel. Known for its innovation and brand investments, the company focuses on the US and international markets.