Hanesbrands Inc. (NYSE:HBI) Q2 2024 Earnings Conference Call August 8, 2024 8:30 AM ET
Company Participants
T.C. Robillard - VP of IR
Stephen Bratspies - CEO
Scott Lewis - CFO
Conference Call Participants
Jay Sole - UBS
Ike Boruchow - Wells Fargo
Brandon Cheatham - Citi
David Swartz - Morningstar
Tom Nikic - Wedbush
Paul Kearney - Barclays
William Reuter - Bank of America
Operator
Good day, and thank you for standing by. Welcome to the Hanesbrands Second Quarter 2024 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.
I would now like to hand the conference over to T.C. Robillard, Vice President of Investor Relations. Please go ahead.
T.C. Robillard
Good day everyone, and welcome to the Hanesbrands quarterly investor conference call and webcast. We are pleased to be here today to provide an update on our progress, after the second quarter of 2024. Hopefully, everyone has had a chance to review the news release we issued earlier today.
Beginning with second quarter results, we have reclassified our Global Champion business and our U.S. outlet store business to discontinued operations and we have realigned our segment reporting. This was not contemplated in our initial second quarter guidance back on May 9. Therefore, second quarter results from continuing operations are not directly comparable to our previous guidance or the current consensus estimates.
In addition to our earnings release and FAQ document, we have provided two additional documents today. One is a supplemental financial packet with recast historical financials. The other is an earnings handout that provides an overview of the go-forward business, as well as a bridge from second quarter results to our prior guidance. All documents, as well as the replay of this call can be found in the Investors section of our hanes.com website.
On the call today we may make forward-looking statements, either in our prepared remarks or in the associated question-and-answer session. These statements are based on current expectations or beliefs, and are subject to certain risks and uncertainties that may cause actual results to differ materially. These risks include those related to current macroeconomic conditions, consumer demand dynamics, our ability to successfully execute our strategic initiatives, including our restructuring and other action-related items, our ability to deleverage on the anticipated timeframe, and the inflationary environment. These risks also include those detailed in our various filings with the SEC, which may be found on our website as well as in our news releases. The Company does not undertake to update or revise any forward-looking statements, which speak only to the time at which they are made.