Exceeds year-end goals with respect to its four key 2023 performance metrics, despite a challenging sales environment. Sees positive inflection with respect to margins and leverage.
Fourth.
Shares of clothing company Hanesbrands (NYSE:HBI) fell 13.3% in the morning session after the company reported fourth quarter results with revenue declining fairly significantly year on year and missing expectations on both a reported and organic basis, with management citing a challenging consumer market for active wears especially in the U.S. and Australia. Full-year revenue and EPS guidance also fell short of Wall Street's estimates.
There were waves of promising economic-development projects announced in the Triad in 2023 with thousands of production jobs and billions of capital investments pledged by new or expanding businesses.