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Hanesbrands Inc - HBI STOCK NEWS

Welcome to our dedicated news page for Hanesbrands (Ticker: HBI), a resource for investors and traders seeking the latest updates and insights on Hanesbrands.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Hanesbrands's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Hanesbrands's position in the market.

News
HanesBrands and the Georgia Institute of Technology Extend Long-Term Apparel Partnership
Rhea-AI Summary
HanesBrands (HBI) extends exclusive rights partnership with Georgia Tech in the mass retail channel, giving them exclusive rights to Georgia Tech fanwear. The multiyear extension includes a partnership with over two dozen elite schools and a dozen leading universities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.7%
Tags
partnership
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News
HanesBrands Provides Access to Education in Dominican Republic with Annual Back-to-School Program
Rhea-AI Summary
HanesBrands (HBI) has been running a successful back-to-school program in the Dominican Republic since 2007, delivering school kits to over 135,000 students. In 2023 alone, the program helped more than 11,000 children, with nearly 4,700 children in Santo Domingo and Bonao, and over 6,600 children of HanesBrands' associates receiving school kits. The initiative aims to provide essential school supplies to students between the ages of 3 and 18, contributing to a positive student experience and reducing school dropout rates. Freddy Vanderpool, senior manager of human resources at HanesBrands Dominican Republic, highlighted the program's focus on values education, including environmental responsibility.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.04%
Tags
none
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News
HanesBrands Appoints William S. Simon Chairman of the Board of Directors
Rhea-AI Summary
HanesBrands (NYSE: HBI) has announced the appointment of William S. Simon as Chairman of the Board, effective December 31, 2023, succeeding Ronald L. Nelson. Cheryl K. Beebe and Ann E. Ziegler will also retire, returning the Board size to 10 members. The changes follow the appointment of three new independent directors last month. HanesBrands' CEO, Steve Bratspies, expressed gratitude for the outgoing members' contributions and looks forward to working with Bill in his new role as Chairman.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.85%
Tags
management
News
HanesBrands Names Richard Mcleod Vice President, Chief Marketing Officer of Global Champion®
Rhea-AI Summary
HanesBrands (HBI) appoints Richard Mcleod as VP, Chief Marketing Officer of global Champion, aiming to drive global brand strategy and omni-channel brand positioning. Mcleod brings extensive global brand management experience from Canada Goose and Foot Locker, focusing on community-led, digital-first brand building.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.52%
Tags
none
-
News
Champion(R) Athleticwear Unveils New Reverse Weave Iconic Styles With CiCLO(R)Technology To Reduce Microplastic Pollution
Rhea-AI Summary
Champion Athleticwear (Ticker: CHMP) announces its newest innovation: Eco Future Reverse Weave with CiCLO technology, a solution to reduce plastic textile fibers in the environment. The collection prioritizes environmental and community impact, featuring dyes with ingredients derived from nature and a patented science-based solution for synthetic textiles.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.89%
Tags
none
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News
Champion® Athleticwear Unveils New Reverse Weave Iconic Styles with CiCLO® Technology to Reduce Microplastic Pollution
Rhea-AI Summary
Champion® Athleticwear (CHMP) announces Eco Future Reverse Weave with CiCLO® technology, addressing environmental impact with synthetic textiles. The collection reduces plastic textile fibers in the environment and features dyes derived from natural ingredients.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.89%
Tags
none
News
HanesBrands Expands Workplace Transformation with DXC Technology
Rhea-AI Summary
DXC Technology (DXC) has signed a five-year contract with HanesBrands (HBI) to provide Modern Workplace solutions, utilizing ServiceNow and DXC UPTimeTM Device Management technologies. This partnership aims to digitalize the work experience of HanesBrands' global workforce, spanning 32 countries, to enhance productivity, connectivity, and efficiency. The new solution includes DXC UPTimeTM, an Experience Platform, and aims to generate significant annual savings for support services. HanesBrands' Chief Information Officer, Subra Goparaju, highlighted the importance of efficient global employee collaboration in achieving success, emphasizing the role of the latest digital platforms from DXC and ServiceNow in empowering associates to work together effectively and deliver maximum value for customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.22%
Tags
none
-
News
HanesBrands Appoints Three New Independent Directors
Rhea-AI Summary
HanesBrands (NYSE: HBI) appoints Colin Browne, Natasha Chand, and John Mehas as independent directors, strengthening the Board with retail and consumer brands experience. The Company also enters into a cooperation agreement with shareholder Barington, aiming to drive improved performance and pursue strategic initiatives, including evaluating alternatives for the global Champion business.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.68%
Tags
management
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News
HanesBrands Announces Third-Quarter 2023 Results
Rhea-AI Summary
HanesBrands Inc. (NYSE: HBI) announced Q3 2023 results, showing improvement in key performance metrics despite challenging sales environment. GAAP gross margin decreased 260 basis points, adjusted gross margin increased 100 basis points. Reduced inventory by 17% sequentially and 29% year-over-year. Generated $155 million cash flow from operations in the quarter and $287 million year-to-date. Reduced total debt by $144 million in the quarter and approximately $270 million year-to-date. Ended quarter with approximately $1.2 billion of liquidity. Company expects to exit the year with higher gross and operating margins, generate $500 million of full-year operating cash flow, and pay down more than $400 million of debt in 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.21%
Tags
earnings
News
HanesBrands Provides Details for Third-Quarter 2023 Earnings Announcement and Investor Conference Call
Rhea-AI Summary
HanesBrands announces details for its third-quarter 2023 investor conference call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.37%
Tags
earnings
Stock HBI logo
Hanesbrands Inc

NYSE:HBI

HBI Rankings

#2065 Ranked by Market Cap
#4278 Ranked by Stock Gains
N/A Ranked by Dividends

HBI Stock Data

1.71B
349.02M
1.19%
84.22%
14.69%
Hosiery and Sock Mills
Manufacturing
Link
US
Winston Salem

About HBI

hanesbrands is a socially responsible manufacturer and marketer of leading everyday basic apparel under some of the world's strongest apparel brands. our innerwear and activewear apparel brands include hanes, champion, playtex, bali, maidenform, flexees, jms/just my size, barely there, wonderbra and gear for sports. in addition, our international brands include zorba, sol y oro, rinbros, track n field and ritmo. based in winston-salem, n.c., hanes is ranked no. 512 on the fortune 1000 list with more than $4.5 billion in sales in 2012 and has approximately 51,500 employees in more than 25 countries. we bought maidenform brands, inc., in october 2013, adding the maidenform, lilyette and flexees intimate apparel brands to our portfolio. hanesbrands strives to attract and retain great people with a passion to do their best, guided by the high ethical standards fitting one of the world’s apparel leaders. we have consciously built a culture of integrity, and our people have a passion for