Hanesbrands

Hanesbrands, Inc. is a consumer goods company, which engages in the design, manufacture, sourcing, and sale of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia Pacific. It operates through the following three segments: Innerwear, Activewear, and International. The Innerwear segment includes core apparel products, such as men's underwear, women's panties, children's underwear, socks and intimate apparel, sold in the United States (US). The Activewear segment consists of activewear products, such as T-shirts, fleece, performance apparel, sport shirts and thermals, sold in the US. The International segment comprises innerwear, activewear, hosiery and home goods products, sold outside of the US. Its brands include Hanes, Champion, Bonds, Maidenform, DIM, Bali, Playtex, Bras N Things, Nur Die/Nur Der, Alternative, L'eggs, JMS/Just My Size, Lovable, Wonderbra, Berlei, and Gear for Sports. The company was founded by J. Wesley Hanes in 1901 and is headquartered in Winston-Salem, NC.

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Hanesbrands beats Q4 sales forecast, targets margin improvement in 2023

Hanesbrands navigated Q4 2022 with sales exceeding forecasts despite macroeconomic challenges and inflation, focusing on long-term transformation and debt reduction strategies.
The company anticipates higher margins and operating cash flows in 2023, targeting mid-14% operating margin and sequential margin improvement throughout the year.
Despite challenges in various markets and headwinds from inflation, Hanesbrands is strategically managing short-term obstacles and focusing on generating savings for future growth.
Analysts raised concerns about leverage improvement, inventory management, and achieving target leverage range by 2025, highlighting the company's proactive strategies and opportunities for growth.

Hanesbrands exceeds Q1 guidance amidst sales decline and challenges

Hanesbrands faced sales declines but exceeded guidance for revenue and profit, focusing on long-term growth globally despite challenges in the U.S.
Efforts to simplify the business, expand into new categories, and manage costs are strengths for the company.
Challenges include sales impact from consumer spending slowdown and inflation pressures on gross margins.
Opportunities lie in global growth strategies, improving gross margins, and using cash flow to enhance financial stability.

Hanesbrands meets Q2 expectations, eyes margin growth and debt reduction

Hanesbrands delivered as expected in Q2 2023 with notable progress.
Strong global retail performance offset challenges in the U.S. market.
Focused strategies on iconic brands and cost-saving initiatives are in place.
Anticipated challenges in Activewear and debt management require attention.
Opportunities exist in margin improvement, new product launches, and channel management.

HanesBrands excels in Q3, eyes global growth amid challenges

HanesBrands delivered a strong performance in Q3 2023, with improvements in gross margin, cash flow, and market share.
The company's strategic focus on debt reduction, product segmentation, and international growth opportunities positions it for future success.
Challenges in the Champion business and high inventory levels require ongoing management, but opportunities in LatAm and Australia offer growth potential.
Overall, HanesBrands remains resilient in navigating macroeconomic headwinds and is poised for recovery and growth in key markets.

Hanesbrands reports Q4 progress, eyes margin growth amidst sales challenges

Hanesbrands navigated sales challenges in 2023 with progress in gross margin and inventory reduction. Despite an anticipated challenging sales environment in 2024, the company expects strong operating profit growth and margin improvement. Sales guidance for 2024 anticipates improvement driven by innovation and strategic actions.

Hanesbrands reports solid Q1 results, focuses on channel strategies

Hanesbrands delivered solid Q1 results, facing challenges in Champion sales but showing improvement. The company is focused on enhancing financial performance, reducing debt, and winning across channels. Strategic shifts and cost reductions aim to drive value creation and margin expansion.

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Hanesbrands, Inc. engages in the business of designing, manufacturing, sourcing, and selling basic apparel such as T-shirts, bras, panties, shape wear, underwear, socks, and activewear. It operates through the following segments: Innerwear, Activewear, and International. The Innerwear segment includes basic apparel including men’s underwear, women’s panties, children’s underwear, and socks, and intimate apparel such as bras, and shape wear. The Activewear segment focuses on T-shirts, fleece, sport shirts, performance T-shirts and shorts, sports bras, thermals, and team wear. The International segment provides activewear, underwear, intimate apparel, socks, and home goods. The company was founded by J. Wesley Hanes in 1901 and is headquartered in Winston-Salem, NC.

WINSTON-SALEM, N.C.--(BUSINESS WIRE)--As college football kicks off, HanesBrands (NYSE:HBI) and Florida State University announced they have signed a multiyear extension of their current apparel partnership that gives HanesBrands exclusive rights to Florida State fanwear in the mass retail channel. Additionally, the partnership includes collaborative retail activations marking key rivalries and events. FSU is one of more than two dozen elite schools that have exclusive mass retail partnerships.

HanesBrands and Florida State University Extend Long-Term Apparel Partnership

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WINSTON-SALEM, N.C.--(BUSINESS WIRE)--HanesBrands (HBI), the world's largest supplier of collegiate fan apparel, and Texas A&M University signed an exclusive, long-term primary apparel partnership that gives HBI exclusive rights to design, manufacture and distribute Aggie fanwear in the mass retail and campus/local channels. As part of the agreement, Texas A&M and HBI are reimagining on-campus fanwear hubs and creating elevated brand experience shops that will expand access to innovativ.

HanesBrands and Texas A&M University Sign Exclusive Primary Apparel Deal

Hanesbrands is making progress in fixing its business by reducing inventory and paying down debt. The Hanes brand is performing well, but the Champion brand is struggling and needs stabilization. Activist investor Barrington Capital is calling for change at Hanesbrands, including upgrading the board and potentially implementing a new CEO.

Hanesbrands: Progress Continues, Reiterate Buy

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Hanesbrands' (HBI) mixed second-quarter 2023 results were hurt by a macro-driven slowdown in consumer spending and declines in U.S. Activewear. Management lowers its 2023 view.

Hanesbrands (HBI) Lowers '23 Guidance Despite Q2 Earnings Beat

Hanesbrands Inc. (NYSE:HBI ) Q2 2023 Earnings Conference Call August 10, 2023 8:30 AM ET Company Participants T.C. Robillard - Vice President of Investor Relations Steve Bratspies - Chief Executive Officer Scott Lewis - Chief Financial Officer Conference Call Participants Jay Sole - UBS Ike Boruchow - Wells Fargo Brandon Cheatham - Citi Paul Kearney - Barclays Tom Nikic - Wedbush Securities William Reuter - Bank of America Carla Casella - JPMorgan Hale Holden - Barclays Operator Good day, and thank you for standing by.

Hanesbrands Inc. (HBI) Q2 2023 Earnings Call Transcript

While the top- and bottom-line numbers for HanesBrands (HBI) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, HanesBrands (HBI) Q2 Earnings: A Look at Key Metrics

HanesBrands (HBI) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to earnings of $0.28 per share a year ago.

HanesBrands (HBI) Reports Q2 Loss, Lags Revenue Estimates

WINSTON-SALEM, N.C.--(BUSINESS WIRE)--HanesBrands Inc. (NYSE: HBI), a global leader in iconic apparel brands, today announced results for the second-quarter 2023. “We reported second-quarter results in line with our outlook. We also delivered sequential gross margin improvement, further reduced inventory, generated positive operating cash flow, and began paying down debt earlier than expected,” said Steve Bratspies, CEO. “We're confident in our ability to exit the year with gross margin in the.

HanesBrands Announces Second-Quarter 2023 Results

Activist investment firm Barington Capital Group wants to Hanesbrands to reduce its debt and lower costs amid soft sales and shrinking margins.

Hanesbrands faces pressure from activist Barington Capital Group, which wants to see costs and debt cut

Hanesbrands' (HBI) second-quarter results are likely to reflect the impacts of an overall inflationary environment on consumer spending as well as commodity costs.

What Must You Know Ahead of Hanesbrands' (HBI) Q2 Earnings?

Hanesbrands Inc. HBI, -2.25% responded to activist investor Barington Capital's urging for change, by reiterating its priority to deliver “sustainable value creation for shareholders.” Barington said the “destruction in value” resulting from the stock's plunge over the past year was due to the underwear maker's “largely ineffective response” to market challenges, poor operating performance and excessive debt.

Hanesbrands responds to activist investor's call for change, reiterates commitment to boosting shareholder value

WINSTON-SALEM, N.C.--(BUSINESS WIRE)--HanesBrands (NYSE: HBI) today issued the following statement in response to a letter issued by Barington Capital: The HanesBrands Board of Directors and management team are committed to moving the Company forward with a clear priority to deliver sustainable value creation for shareholders. We regularly engage with shareholders to understand their perspectives and to share ours. Consistent with this practice, members of HanesBrands' management team have held.

HanesBrands Reiterates Commitment to Shareholder Value Creation

Shares of Hanesbrands Inc. HBI, -2.25% jumped 5.6% toward a five-month high in premarket trading Tuesday, after the The Wall Street Journal reported that activist investor Barington Capital is pushing the underwear company to make moves to reverse the weakness in the stock, and to make changes to its board of directors. Barington, which the WSJ report said has built up an undetermined stake in Hanesbrands, has told the company that it needs to immediately focus on cash generation and debt reduction, and said management's ineffective response to market challenges has led to rapidly deteriorating results.

Hanesbrands stock jumps toward a 5-month high after WSJ report of activist investor pushing for change

NEW YORK--(BUSINESS WIRE)--Barington Capital Group L.P. and its affiliates (“Barington”), a fundamental, value-oriented activist investor which is a shareholder of Hanesbrands Inc. (NYSE: HBI) (“Hanesbrands” or the “Company”), yesterday sent a letter to Ronald L. Nelson, Chairman of Hanesbrands, calling for immediate and decisive actions to create long-term value for shareholders. In its letter, Barington highlights that Hanesbrands' share price has declined by -51.6% in the last year alone.1 B.

Barington Capital Sends Letter Calling for Change at Hanesbrands

Barington Capital is pushing the company to find new directors, and possibly a new CEO.

Hanesbrands Draws Activist Investor Seeking to Shake Up Underwear Maker

Hanesbrands is a leading American apparel company with a strong global presence and popular brands like Hanes, Champion, Bali, Playtex, and Maidenform. HBI's growth has been underwhelming, as increased competition and poor brand development has left its brands unattractive to consumers. The business is currently in the process of a turnaround, which we do not have much faith in given the lack of improvement over an extended period of time.

Hanesbrands: Decline In Progress

WINSTON-SALEM, N.C.--(BUSINESS WIRE)--HanesBrands (NYSE: HBI) today provided details for its second-quarter 2023 investor conference call at 8:30 a.m. ET Thursday, August 10, 2023. Prior to the conference call that day, HanesBrands will issue a news release disclosing financial results for the quarter ended July 1, 2023. Conference Call Details: To participate via telephone, please register in advance by clicking here or using this link: https://register.vevent.com/register/BI1e96a8e053fb434f92.

HanesBrands Provides Details for Second-Quarter 2023 Earnings Announcement and Investor Conference Call

Shares of consumer goods producer Hanesbrands (NYSE: HBI ) drove significantly higher during the midweek session on unconfirmed chatter that an activist investor will target the enterprise to push for positive changes. Although intriguing from a near-term speculation window, HBI stock presents an incredibly risky idea.

Why Is Hanesbrands (HBI) Stock Up 10% Today?

Hanesbrands (HBI) is set to benefit from its Full Potential plan, product innovation, digital initiatives and cost management actions. Tepid consumer demand and inflationary pressures remain concerns.

Hanesbrands (HBI) Exhibits Bright Prospects, Headwinds Persist

WINSTON-SALEM, N.C.--(BUSINESS WIRE)--HanesBrands (NYSE: HBI), a leading global marketer of branded everyday apparel, today announced that Interim Chief Financial Officer Scott Lewis has been appointed Chief Financial Officer, effective immediately. Lewis will also continue in his role as Chief Accounting Officer, a position he has held since 2015. A 17-year veteran of HanesBrands with an extensive background in accounting, tax, controllership, and external reporting, Lewis brings more than 25.

HanesBrands Names Scott Lewis Chief Financial Officer

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