Hanesbrands Inc Stock Price, News & Analysis

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 35^th 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.

HanesBrands (NYSE: HBI) will hold an audio webcast for its Q3 2021 investor conference call on Nov. 4, 2021, at 8:30 a.m. EDT. Financial results for the quarter ending Oct. 2, 2021, will be released prior to the call. The conference will include a Q&A session, accessible via the Hanes corporate website. Replays will be available post-call and via telephone until Nov. 11, 2021. HanesBrands is recognized for its quality apparel brands like Hanes and Champion, and is focused on sustainability and long-term growth.

HanesBrands (HBI) has entered a 10-year agreement with the University of Texas at Austin to serve as a primary apparel partner, aiming to offer a wide array of Longhorn fan apparel. This partnership, which grants exclusive rights in various channels through 2032, follows a competitive proposal process. Notably, HBI has already launched a unique Champion shop experience in Austin, receiving a positive fan response and achieving near record sales during the first football game. The partnership aligns with HBI's strategy to expand its collegiate merchandise offerings significantly.

Champion Athleticwear has launched Champion Renewed in partnership with The Renewal Workshop as part of its 'Be Your Own Champion' campaign. This new collection features the brand’s iconic Reverse Weave® sweatshirts, renewed to prevent waste, and is priced between $30-$45 (40% off original MSRP). The initiative not only extends the lifespan of apparel but also aligns with Champion’s goals for sustainability, aiming for all brands under HanesBrands to adopt circular practices by 2025. The partnership emphasizes responsible consumption and environmental impact.

HanesBrands (NYSE: HBI) mandates that all U.S. office associates be fully vaccinated against COVID-19 by October 15, 2021, prioritizing health and safety. The company plans to return the majority of its U.S. associates to office work by October 18, monitoring the pandemic situation closely. A confidential exemption process has been established for those unable to vaccinate due to medical or religious reasons. HBI emphasizes teamwork and effective service to consumers, underscoring its commitment to workplace quality and ethical practices.

Lexus and designer Salehe Bembury have launched a new apparel collection featuring unisex items like hoodies, T-shirts, and hats, inspired by the 2022 Lexus NX. The collection, available exclusively at HBX.com from August 16, showcases Bembury's nature-inspired designs on Champion athletic wear. Prices range from $50 to $150 and include unique design elements representing electrification. This partnership aligns with Lexus' commitment to innovation and luxury, further enhancing their brand image.

HanesBrands (NYSE: HBI) has promoted Maria Teza to senior vice president of the Champion brand in the U.S., effective Sept. 1, 2021. Teza, who has over 30 years of apparel industry experience and nearly 20 years at HanesBrands, will focus on expanding Champion into a $3 billion global brand as part of the company’s Full Potential plan. Her previous role involved leading the Bali and Playtex brands' return to growth. Jon Ram, group president of global activewear, praised Teza for her dynamic leadership and results-oriented approach.