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.
HanesBrands Inc. (formerly NYSE: HBI) has generated a steady flow of news as a global leader in everyday iconic apparel and innerwear. Company press releases describe HanesBrands as the No. 1 seller of innerwear and a socially responsible manufacturer of basics, with a portfolio that includes Hanes, Bonds, Maidenform, and Bali. For readers following the historical HBI story, the news record captures both operational developments and the corporate events that culminated in its acquisition by Gildan Activewear Inc.
Financial news items cover quarterly results, where HanesBrands reported net sales, gross margin, operating profit, and earnings per share, often alongside non-GAAP measures such as adjusted operating profit, adjusted EPS, EBITDA, adjusted EBITDA, and leverage ratio. These releases discuss factors like cost savings initiatives, supply chain optimization, assortment management, and foreign exchange impacts on U.S. and international segments. They also outline guidance ranges for net sales, operating profit, EPS, and cash flow, providing insight into how management framed its outlook during its final periods as a standalone public company.
Beyond earnings, HanesBrands’ news includes product and brand announcements. Examples include the launch of Hanes Moves, a cross-category athleisure collection under the Hanes brand, and the U.S. debut of the Australian Bonds underwear brand. These stories emphasize comfort, performance features, and the extension of established brands into new categories and markets. Other releases describe strategic initiatives such as refinancing 2026 debt maturities and a ten-year alliance with Infosys focused on AI-driven efficiency and modernization of HanesBrands’ digital and data landscape.
A major theme in later news is the transaction with Gildan Activewear Inc. Press releases and related communications announce the signing of the merger agreement, provide details on shareholder meetings and regulatory milestones, and confirm the closing of the acquisition. For users researching HBI news, this page serves as an archive of how HanesBrands communicated its financial performance, strategic initiatives, brand developments, and the steps leading to its integration into Gildan.
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.
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HanesBrands (NYSE: HBI) will host an internet audio webcast for its Q1 2022 investor conference call on May 5, 2022, at 8:30 a.m. EDT. A news release detailing financial results for the quarter ended April 2, 2022 will precede the call. Investors can access the webcast via the corporate website. Replays will be available online and via telephone from 12:00 p.m. EDT May 5 to 12:00 p.m. EDT May 12. HanesBrands, employing 59,000 associates across 33 countries, emphasizes sustainability and aims for long-term growth.
HanesBrands has launched the new X-Temp™ Total Support Pouch® underwear featuring innovative cooling technology designed to keep men cool and comfortable. The product combines quick-drying moisture-wicking fabric with breathable mesh panels for optimal support. Supported by a multimedia campaign led by a new commercial, this launch aims to capture consumer interest during the NBA Playoffs. The Total Support Pouch® has shown superior performance in wearer tests, with 96% of men stating it provided necessary support during exercise. The product is now available at major retailers and online.
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HanesBrands' Champion Athleticwear introduces Grammy-nominated artist Saweetie as its first-ever Global Culture Consultant. The brand launched the 'Get it Girl' campaign featuring the inaugural Champion Circle, spotlighting 12 diverse female collegiate athletes to inspire confidence among women.
The campaign promotes innovative athletic wear, including Soft Touch Sports Bras & Leggings, designed for comfort and style. Each athlete in the Champion Circle will receive a two-year Name, Image, and Likeness investment as brand ambassadors.