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Hanesbrands, Inc. - $HBI STOCK NEWS

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.

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.

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.
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-5.21%
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HanesBrands announces details for its third-quarter 2023 investor conference call
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1.37%
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Maidenform launches new line of modern intimates named M
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5.3%
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HanesBrands extends apparel partnership with University of Cincinnati
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-1.31%
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partnership
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Hanesbrands to explore strategic options for global Champion business
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-2.67%
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Rhea-AI Summary
HanesBrands is evaluating strategic options for its global Champion business, including a potential sale or other strategic transaction. The company aims to maximize shareholder value and ensure long-term success for both Champion and HanesBrands. The evaluation process is ongoing, and no specific timetable has been set. Advisors Goldman Sachs & Co. LLC and Evercore are serving as financial advisors to HanesBrands.
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0.9%
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Champion Athleticwear launches new global brand campaign 'Champion What Moves You'
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-3.19%
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HanesBrands and G-III Apparel Group have entered into a multi-year license agreement for outerwear production and distribution of Champion and C9 Champion brands in North America, with potential global opportunities. The partnership aims to expand Champion's consumer base and leverage G-III's expertise and distribution network. This could positively impact HanesBrands and G-III Apparel Group's stock prices.
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24.25%
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HanesBrands renews exclusive rights to Florida State fanwear in mass retail channel
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-0.2%
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partnership
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HanesBrands signs exclusive apparel partnership with Texas A&M University
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-1.36%
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Hanesbrands, Inc.

NYSE:HBI

HBI Rankings

HBI Stock Data

1.74B
349.02M
1.19%
84.22%
14.69%
Hosiery and Sock Mills
Manufacturing
Link
United States of America
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