Why Hanesbrands Stock Tumbled Today

Shares of Hanesbrands (NYSE: HBI) were heading lower today after the seller of apparel basics issued disappointing guidance in its third-quarter earnings report. Though the results were better than expected, the guidance shows performance decelerating heading into the holiday season, as the company is experiencing some of the same impacts as other apparel brands.

Hanesbrands shares were down 20% as of 2:28 p.m. EST.

Image source: Hanesbrands.

Source Fool.com