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Hanesbrands, Inc. - $HBI STOCK NEWS

Welcome to our dedicated page for Hanesbrands news (Ticker: $HBI), a resource for investors and traders seeking the latest updates and insights on Hanesbrands stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Hanesbrands's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary

HanesBrands (NYSE: HBI) announced details for its first-quarter 2024 earnings announcement and investor conference call set for May 9, 2024. The company will reveal financial results for the quarter ended March 30, 2023, before the conference call. Participants can join via telephone or webcast, with a Q&A session included. HanesBrands, known for popular brands like Hanes, Champion, Bonds, Maidenform, and Bali, aims for long-term growth and sustainability.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.89%
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Rhea-AI Summary
HanesBrands Inc. has made significant progress towards its sustainability goals as highlighted in its 2023 Sustainability Summary Report. The company achieved a 53% reduction in absolute Scope 1 and 2 greenhouse gas emissions, a 41% reduction in intensity, and notable reductions in water use and packaging weight. HanesBrands aims to achieve zero waste by 2025 and use 100% renewable electricity by 2030. The company has also contributed to improving the lives of 3.4 million people globally and saved $23 million since establishing sustainability goals in 2020.
Rhea-AI Impact
Rhea-AI Sentiment
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-2.15%
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Rhea-AI Summary
HanesBrands renews exclusive rights to Duke University fanwear in the mass retail channel for another five years, solidifying its position as the largest supplier of collegiate fan apparel. The partnership extension showcases HanesBrands' commitment to supporting Duke's fanbase and expanding their market reach.
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End-of-Day
0.78%
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partnership
Rhea-AI Summary
Hanes, the No. 1 brand of basic apparel in the U.S., is launching a new 'The Great Softening' campaign featuring Hanes® Originals with SuperSoft fabrics. The collection aims to provide modern styles without compromising on comfort, utilizing luxurious bamboo viscose fabrics.
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-0.37%
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HanesBrands (HBI) secures exclusive rights to design, manufacture, and distribute Ole Miss fanwear in the mass retail channel through a three-year extension of their current apparel partnership. The partnership includes more than two dozen elite schools and a dozen leading universities, showcasing HanesBrands' commitment to quality, innovation, and retail experiences.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.11%
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partnership
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Rhea-AI Summary
HanesBrands has achieved an A- score in climate change and water security for the second year in a row, showcasing its commitment to sustainability. The company's transparency and dedication to environmental impact have been recognized through CDP's annual sustainability disclosures, highlighting its leadership in addressing climate change and water security.
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End-of-Day
1.75%
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Maidenform M introduces a new line of innerwear with a fresh advertising campaign, targeting young-minded consumers with bold colors and comfortable designs. The campaign celebrates female boldness and individuality, marking a new era for the brand.
Rhea-AI Impact
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End-of-Day
6.07%
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Rhea-AI Summary
HanesBrands Inc. (HBI) exceeds year-end goals for 2023, despite a challenging sales environment. The company shows positive inflection in margins and leverage, with fourth-quarter gross margin up 400 basis points. Inventory improved by 31% year-over-year, generating $562 million in cash flow. Debt paydown exceeded $500 million in 2023, with year-end leverage lower than expected. The company reported fourth-quarter sales of $1.3 billion and provided 2024 guidance for strong profit and EPS growth.
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End-of-Day
-8.05%
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Rhea-AI Summary
M&M'S, a part of the Mars family of brands, has released its Super Bowl LVIII ad, 'Almost Champions,' featuring Scarlett Johansson and NFL Legends Dan Marino, Terrell Owens, and Bruce Smith. The ad showcases the 'M&M'S Almost Champions Ring of Comfort' and aims to bring comfort to fans after the big game.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.58%
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Rhea-AI Summary
HanesBrands (HBI) announced details for its fourth-quarter 2023 investor conference call and news release for financial results. The conference call will take place on February 15, 2024, with webcast and telephone participation options available.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.33%
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Hanesbrands, Inc.

NYSE:HBI

HBI Rankings

HBI Stock Data

1.58B
349.02M
1.19%
84.22%
14.69%
Hosiery and Sock Mills
Manufacturing
Link
United States of America
WINSTON-SALEM

About HBI

hanesbrands is a socially responsible manufacturer and marketer of leading everyday basic apparel under some of the world's strongest apparel brands. our innerwear and activewear apparel brands include hanes, champion, playtex, bali, maidenform, flexees, jms/just my size, barely there, wonderbra and gear for sports. in addition, our international brands include zorba, sol y oro, rinbros, track n field and ritmo. based in winston-salem, n.c., hanes is ranked no. 512 on the fortune 1000 list with more than $4.5 billion in sales in 2012 and has approximately 51,500 employees in more than 25 countries. we bought maidenform brands, inc., in october 2013, adding the maidenform, lilyette and flexees intimate apparel brands to our portfolio. hanesbrands strives to attract and retain great people with a passion to do their best, guided by the high ethical standards fitting one of the world’s apparel leaders. we have consciously built a culture of integrity, and our people have a passion for