By Rob Curran

HanesBrands logged a narrower first-quarter loss and cited advantages from what it called a Western hemisphere supply chain as it forecast steady sales for the second quarter and the year.

The Winston-Salem, N.C., underwear and socks maker posted a loss of $9.5 million, or 3 cents a share, narrower than $39.1 million, or 11 cents a share, a year earlier.

Stripping out certain one-off items, Hanes logged adjusted earnings of 7 cents a share, in line with the average Wall Street target, as per FactSet.

Sales rose 2% to $760.1 million, surpassing the average analyst estimate of $752.3 million.

The company said the new tariff regime creates "real revenue opportunities," in addition to some cost pressures.

"We're confident we can fully mitigate the cost headwinds as we have many levers to pull, including further cost reductions and pricing actions," said Chief Executive Steve Bratspies, in a statement. "We're also actively pursuing new revenue opportunities, which we believe we're in an advantaged position to capture given our Western hemisphere supply chain speed and capabilities matched with our strong retailer relationships."

For the second quarter, Hanes projected earnings from continuing operations of about 16 cents a share, or 18 cents a share on an adjusted basis. Hanes targeted sales from continuing operations of about $970 million, more or less in line with a year earlier.

For 2025, Hanes forecast earnings from continuing operations of 42 cents to 46 cents on sales of $3.47 billion to $3.52 billion, with sales more or less in line with 2024 levels.

Write to Rob Curran at rob.curran@wsj.com

(END) Dow Jones Newswires

May 08, 2025 08:26 ET (12:26 GMT)

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