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Earnings results expected in 62 days
Hanesbrands Is Not An Opportunity After Rumours Of $1 Billion Price For Champion
Hanesbrands reports a recovery in profitability but faces revenue challenges in all segments, particularly with Champion brand. The company reaffirms its FY24 guidance but does not provide updates on the potential sale of Champion. The valuation of Hanesbrands suggests that the stock is still a Hold, with excessive multiples and challenges in the apparel industry.
Seekingalpha | 1 year ago
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