Hanesbrands Inc Stock Price, News & Analysis

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.

Champion has launched the second limited-edition capsule of the Muhammad Ali Collection, inspired by the legend's gold medal win at the 1960 Olympics. This new capsule features various apparel items like hoodies, joggers, and graphic T-shirts, designed with unique athletic accents and luxe fabrics, retailing from $35 to $125. The collection expands Champion's reach globally, available in the US, Europe, Asia, and beyond. A third release is scheduled later this year. Champion is also donating to the Muhammad Ali Center, honoring Ali's legacy through this partnership.

HanesBrands Inc. (HBI) reported a strong second quarter of 2021 with net sales at $1.75 billion, a 13% increase from the previous year. Excluding PPE sales, net sales surged 88%. Operating profit rose 8% to $217 million, although operating margin decreased to 12.4%. The company anticipates Q3 2021 net sales between $1.78 billion and $1.81 billion, reflecting a 6% growth at the midpoint. For the full year, HBI raised its sales outlook to $6.75-$6.85 billion, a significant increase from prior estimates. The growth is attributed to strong consumer demand and successful execution of its Full Potential growth plan.

HanesBrands (HBI) has declared a quarterly cash dividend of $0.15 per share, payable on August 31, 2021, to stockholders of record by August 10, 2021. This marks the 34th consecutive quarterly dividend, with over $1.5 billion returned to shareholders since the dividend program's inception in April 2013. The company emphasizes its commitment to sustainability and ethical practices while aiming for long-term growth.

HanesBrands (NYSE: HBI) will host an internet audio webcast of its Q2 2021 investor conference call at 10:00 a.m. EDT on August 5, 2021. Financial results for the quarter ending July 3, 2021, will be disclosed prior to the call. The conference call will include prepared comments and a Q&A session, concluding by 11:00 a.m. EDT. Replays will be available online and via telephone through August 12, 2021. HanesBrands is recognized for its quality apparel and sustainable practices, employing 61,000 associates across 47 countries with a commitment to long-term growth.

HanesBrands (NYSE: HBI) has appointed William S. Simon to its board of directors, expanding the board to 10 members. Simon, a seasoned leader with significant experience in retail and consumer goods, will serve on the audit committee. His previous roles include president and CEO of Walmart U.S. and executive positions at multiple major companies. Board Chairman Ronald L. Nelson expressed excitement about Simon's leadership as the company pursues its Full Potential plan for growth. HBI is known for its iconic brands and commitment to sustainability, employing 61,000 associates globally.

HanesBrands (NYSE: HBI), a leader in iconic apparel, announced Chief Sustainability Officer Chris Fox's participation in the Stifel Sustainable Lifestyle Brands Conference on May 25th. Fox's presentation is scheduled from 8:30 am to 8:55 am ET, and it will focus on the company's sustainability goals and initiatives. A live webcast will be available on the HanesBrands Investor Relations site, with a recording accessible afterward. HBI aims to enhance sustainability, evidenced by its 2030 goals aimed at improving lives and protecting the planet.

HanesBrands reported first-quarter 2021 net sales of $1.51 billion, marking a 25% increase from the previous year. The growth was driven by strong performance in both innerwear and activewear, with online sales surging 82%. The company achieved a GAAP operating profit of $190 million, a 297% increase year-over-year. However, a non-cash impairment charge of approximately $390 million was recorded for the European Innerwear business, now classified as discontinued operations. A quarterly cash dividend of $0.15 per share was also declared, marking the company's 33rd consecutive payout.