Hanesbrands Inc Stock Price, News & Analysis

Hanes introduces its new Comfort, Period.™ underwear line, aimed at making period protection more accessible and affordable. Designed for comfort and effectiveness, the underwear features a built-in stain protection liner and multi-layer technology for leak prevention. Priced between $10.99 and $19.99, these reusable options provide a sustainable alternative to disposables, especially amidst recent tampon shortages. Consumer tests show high satisfaction rates, with 75% agreeing the product boosts confidence.

HanesBrands reported second-quarter 2022 net sales of $1.51 billion, a 14% decline year-over-year, impacted by a cyber event and weaker consumer demand. Adjusted earnings per share was $0.28, down from $0.47 a year earlier. The company noted a significant negative effect from the cyber attack, estimated at $100 million in sales and $35 million in operating profit. Despite these challenges, HanesBrands continues to execute its Full Potential growth plan and declared a cash dividend of $0.15 per share.

HanesBrands (NYSE: HBI) will host a second-quarter 2022 investor conference call on August 11, 2022, at 8:30 a.m. EDT, following a news release disclosing financial results for the quarter ended June 30, 2022. Investors can register to participate via telephone or access the webcast through the company's investor section at www.Hanes.com/Investors. A replay will be available post-call until August 11, 2023.

HanesBrands (HBI) has secured a 10-year partnership with the University of Tennessee, becoming its primary apparel partner. This agreement grants HBI exclusive rights to design and distribute fanwear, enhancing market access. The partnership includes brand activations with the Champion brand ahead of the football game on September 24. HBI will leverage its in-house manufacturing and design strengths to provide a diverse collection of apparel. This collaboration aims to increase fan engagement and retail presence in Knoxville, while Tennessee continues its partnership with Nike for performance products.

HanesBrands (HBI) has secured a 10-year partnership with the University of Southern California (USC), enhancing its retail presence in the collegiate apparel market. This agreement allows HBI exclusive rights in mass and mid-tier retail channels to develop collections of fan apparel, expanding USC's retail footprint. HBI plans to launch its offerings in January 2023 and will feature various apparel lines for different demographics. This partnership complements USC's existing relationship with Nike, the official outfitter for USC athletics.

HanesBrands reported Q1 2022 net sales of $1.58 billion, a 5% increase year-over-year. GAAP EPS was $0.32, with adjusted EPS at $0.34. Champion brand sales rose 6% in constant currency. U.S. Innerwear sales grew 1.5%, driven by retail gains and price increases. The company repurchased $25 million in stock during the quarter. However, it faces $65 million in cost headwinds and expects diluted EPS guidance between $0.28 and $0.32 for Q2, citing ongoing inflation and logistical challenges.

HanesBrands (NYSE: HBI) has appointed Vanessa LeFebvre as the new president of global activewear, effective immediately. She will focus on driving growth for the Champion brand, emphasizing innovation and market expansion. CEO Steve Bratspies expressed confidence in LeFebvre's leadership, citing her extensive background in activewear and retail, including her recent role at Adidas. LeFebvre aims to enhance the company's activewear segment as part of its Full Potential plan. HanesBrands is dedicated to sustainability and aims to meet aggressive 2030 goals.

HanesBrands (NYSE: HBI) announced a quarterly cash dividend of $0.15 per share, payable on May 31, 2022, to stockholders of record by May 10, 2022. This marks the 37th consecutive quarterly dividend, contributing to over $1.6 billion returned to stockholders since the program's initiation in April 2013. The company maintains a strong commitment to sustainability with 2030 goals aimed at improving lives and protecting the planet while continuing to deliver long-term growth.