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. became Hanesbrands LLC after its acquisition by Gildan Activewear Inc., marking a corporate-status change for the former NYSE-listed apparel issuer. The company’s historical business centered on everyday apparel and innerwear through brands including Hanes, Bonds, Maidenform and Bali, supported by a manufacturing footprint in which it owned the majority of its worldwide production facilities.
Hanesbrands news has covered quarterly operating results, gross margin and sales trends, supply-chain consolidation and optimization actions, tariff-related cost commentary, debt refinancing and leverage reduction. Other recurring developments include material agreements, capital-structure updates and technology collaborations such as its long-term IT, business applications and data alliance with Infosys.
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.
HanesBrands (NYSE: HBI) announced the departure of Jon Ram, president of Global Activewear, effective March 31, for another opportunity closer to his family. The company is initiating both internal and external searches for Ram's successor. CEO Steve Bratspies acknowledged Ram's contributions to the growth of the Champion brand since 2018 and expressed confidence in the team's capacity to continue executing their Full Potential plan. HanesBrands remains committed to unlocking growth and furthering its sustainability goals as it employs 59,000 associates globally.
Tafi and Champion Athleticwear announced a partnership to create an exclusive collection of 888 NFTs for holders of Tafi's Non-Fungible People (NFP) NFTs. Each NFT holder will receive airdropped Champion apparel and accessory NFTs at no cost. This initiative enhances Tafi's digital fashion offerings, with NFP avatars that can be used across various digital platforms. Notably, this marks the second collaboration between Tafi and Champion, following their successful 2021 Spring Collection NFT launch.
HanesBrands reported Q4 2021 net sales of $1.75 billion, marking a 4% increase year-over-year. Adjusted EPS rose to $0.44 despite a higher tax rate. Global Champion sales surged 10% YoY, with U.S. Innerwear sales increasing by 3%. The company raised 2024 revenue targets to $8 billion and launched a $600 million share repurchase program, signifying confidence in growth. Full-year 2021 saw sales 13% above 2019 levels, with a leverage decline to 2.7 times on a net debt-to-EBITDA basis.
HanesBrands (NYSE: HBI) will host a fourth-quarter 2021 investor conference call on Feb. 3, 2022, at 8:30 a.m. EST. Financial results for the quarter ending January 1, 2022 will be released prior to the call. Investors can access the call via the HanesBrands corporate website, with replays available after the call until Feb. 10, 2022. HanesBrands is recognized for its commitment to comfort and quality in apparel, employing 61,000 associates globally and focusing on sustainable practices with ambitious goals for 2030.
Champion Athleticwear launched a limited edition capsule in collaboration with Don C to honor Muhammad Ali on his 80th birthday. The collection, part of a multi-year partnership with Muhammad Ali Enterprises, features luxurious, boxing-inspired apparel made from Italian materials, priced between $250-$550. Each piece showcases Ali’s iconic imagery and signature. Available in limited quantities online and at select retailers, this capsule reflects Ali's ongoing influence on fashion and culture.
HanesBrands has announced a $2 million investment in partnerships with three historically black colleges and universities (HBCUs), including North Carolina A&T and Pensole Lewis College of Business & Design. This initiative will fund scholarships, internships, and research in areas like sustainability and fashion design, reinforcing the company's commitment to diversity and inclusion. These collaborations aim to provide students with essential industry experience, benefitting both students and HanesBrands as they work towards their goal of improving the lives of 10 million people by 2030.
Champion Athleticwear announces a limited-edition collection in collaboration with Hasbro Gaming, featuring designs from iconic games like Monopoly, Twister, Scrabble, and Candy Land. This collection aims to blend playful competition with stylish athletic wear, catering to fans of all ages. The line includes pullover hoodies, joggers, and footwear, all available on Champion.com and select retailers, with prices ranging from $30 to $80. Group President Jon Ram highlights the collection's ability to let consumers express themselves during the holiday season.
HanesBrands (HBI) reported third-quarter 2021 net sales of $1.79 billion, a 6% increase from the previous year, driven by strong global consumer demand. Excluding PPE, net sales surged 18%. The GAAP EPS was $0.50, with adjusted EPS at $0.53. Champion brand sales soared 33%, and U.S. Innerwear sales rose 12%. Despite headwinds like inflation and transportation delays, the company reiterated its Q4 guidance, emphasizing confidence in its Full Potential growth strategy.
HanesBrands (NYSE: HBI) has declared a quarterly cash dividend of $0.15 per share, payable on November 30, 2021, to stockholders of record by November 9, 2021. This marks the 35th consecutive quarter of dividend payments, totaling over $1.5 billion returned to shareholders since the dividend program's inception in April 2013. The company aims for long-term growth while pursuing aggressive sustainability goals for 2030.