Hanesbrands Inc Stock Price, News & Analysis

HanesBrands Inc. (NYSE: HBI) has announced plans to offer $600 million in senior unsecured notes due 2031. This private offering, subject to market conditions, aims to redeem existing 4.625% and 3.5% Senior Notes due 2024. The notes will be guaranteed by certain domestic subsidiaries and offered only to qualified institutional buyers and non-U.S. persons. The offering is exempt from registration under the Securities Act. Funds will also be sourced from a new senior secured term loan B facility and company cash. Forward-looking statements indicate risks regarding their multi-year growth strategy and market competition.

HanesBrands Chief Sustainability Officer, Chris Fox, appeared on the WWD Voices Podcast to discuss the company's sustainability efforts, partnerships, and its strategic position in the apparel industry. During the podcast, Fox highlighted HanesBrands' commitment to sustainable practices and environmental responsibility. The conversation emphasizes the critical role of sustainability in the business model, showcasing how the company integrates eco-friendly initiatives into their operations. To listen to the full podcast, visit the provided link.

HanesBrands reported fourth-quarter net sales of $1.47 billion, exceeding guidance. Despite this, it recorded a GAAP EPS loss of $1.19 due to a non-cash reserve for deferred tax assets. The company has shifted its capital allocation strategy by eliminating dividends to focus on debt reduction. Full-year net sales declined 8% to $6.23 billion, influenced by foreign exchange impacts. For 2023, Hanes expects sales between $6.05 billion and $6.20 billion, and operating cash flow of $500 million. The company aims for long-term targets of $8 billion in net sales and a 14.4% operating margin by 2026.

HanesBrands (NYSE: HBI) has announced its fourth-quarter 2022 conference call scheduled for February 2, 2023, at 8:30 a.m. ET. The call will reveal financial results for the quarter ending December 31, 2022. Interested participants must register in advance to join the call by following a provided link. A webcast will also be accessible through the investor section of HanesBrands' corporate website. The event is anticipated to conclude by 9:30 a.m. ET. Replays will be available online post-event. HanesBrands is recognized globally for its quality apparel brands like Hanes and Champion, employing approximately 59,000 associates worldwide.

HanesBrands (HBI) has partnered with Delivering Good to provide ongoing support for communities affected by Hurricane Ian. Following the storm, HBI donated over 90,000 clothing items to aid those in need during recovery efforts. Since their collaboration began nearly 10 years ago, they have distributed more than $45 million worth of products to assist communities in crisis. In 2022, HBI also donated 1.2 million items to flood victims in Kentucky. The partnership highlights HBI's commitment to supporting communities in their recovery and providing comfort during difficult times.

HanesBrands Inc. (NYSE: HBI) announced it expects to report fourth-quarter 2022 net sales slightly above expectations, with adjusted operating profit in line with forecasts. The company will hold a financial call on February 2, 2023. Following the resignation of CFO Michael Dastugue, Scott Lewis is appointed as Interim CFO. The company highlights its Full Potential plan and ongoing strategies for cost savings and refinancing upcoming maturities, while cautioning about industry risks.

HanesBrands collaborates with Champion Australia and HoMie to launch the Reborn capsule collection, featuring 50 unique recycled garments. Proceeds support HoMie's initiatives for homeless youth, including an eight-month paid internship program. The collection has upcycled over 1,800 pounds of waste into 2,190 garments. It incorporates NFC tags to share the collection’s social impact and enhance customer experience. This partnership aims to foster a zero-waste circular economy through innovation and environmental stewardship.