Hanesbrands Inc Stock Price, News & Analysis

HanesBrands (NYSE: HBI) has scheduled its first-quarter 2023 investor conference call for 8:30 a.m. ET on May 3, 2023. The call will provide insights into the financial results for the quarter ended April 1, 2023. Investors can register for the call online to receive a confirmation email with dial-in details. The conference will feature prepared comments followed by a Q&A session, concluding by 9:30 a.m. ET. A replay of the call will be available on the HanesBrands investor relations website after the event. HanesBrands is recognized for its quality apparel, employing 51,000 associates globally, with a strong focus on sustainability and ethical business practices.

Hanes, America's leading underwear brand, has launched the "Make Yourself Comfortable" campaign, celebrating its legacy and introducing the Hanes Originals collection. This initiative recalls the brand's roots from 1901, presenting a modern twist on comfort and style.

The campaign features various ad formats, including a two-minute cinematic spot and three 30-second clips, all showcasing Hanes Originals against the backdrop of Victorian-era discomfort. The ads will debut during the NBA Playoffs on major networks such as ESPN and ABC.

Hanes highlights the importance of comfort in clothing, encouraging consumers to embrace their individuality. The campaign aligns with the broader branding strategy of reaching a diverse audience with modern essentials, available across major retailers and online.

HanesBrands has received the prestigious Energy Star Partner of the Year Award for Sustained Excellence in Energy Management from the U.S. Environmental Protection Agency for the 14th consecutive year. The award recognizes significant improvements in energy performance, with HBI achieving a 26% reduction in energy intensity and a 60% decrease in absolute CO2 emissions since a 2007 baseline. The company aims to further reduce energy use by 25% and utilize 100% renewable electricity by 2030. HBI's commitment to sustainability is reflected in its leadership status recognized by CDP for climate change and water security.

HanesBrands (NYSE: HBI) appointed Lorenzo Moretti as president of Champion Europe. Moretti aims to enhance brand growth through innovative products and strengthening direct-to-consumer and wholesale channels. He will join the company in July, based in Carpi, Italy. Previously, Moretti led significant growth at Dr. Martens and held leadership roles at Nike, Gap, and Tesco. His experience in consumer goods and marketing positions him to drive Champion’s potential in Europe. Vanessa LeFebvre emphasized the need for profitable growth in Europe to unlock HanesBrands' Full Potential.

HanesBrands (NYSE: HBI) has successfully completed the refinancing of its 2024 Notes, securing a new $900 million Senior Secured Term Loan B Facility. The proceeds from this loan and a previous $600 million bond offering were used to redeem all outstanding 4.625% and 3.5% Senior Notes due 2024. CEO Steve Bratspies expressed confidence that this refinancing enhances financial flexibility, allowing further investment in the company's Full Potential growth strategy while focusing on debt reduction. The company aims to drive higher sales, profits, and return on investment over the coming years.

HanesBrands (HBI) announced its partnership with Atrium Health Wake Forest Baptist Hospital and local organizations to perform nearly 200 cataract surgeries and corneal transplants in Honduras. This initiative, funded by HBI, involved a specialized medical team of 13 professionals and aimed to assist patients, including HBI associates, who lack local organ banks. Notably, 11 patients received corneal transplants. Over 60 HBI employees volunteered in various non-medical roles to support logistics and patient care. This mission aligns with HBI's commitment to impact 10 million lives by 2030, emphasizing their long-standing presence in Honduras, employing over 5,000 associates for over 30 years.

HanesBrands (HBI) has secured a multi-year agreement with UCLA, granting exclusive rights to design, manufacture, and distribute Bruins fanwear in mass retail. This agreement begins in 2024, coinciding with UCLA's transition to the Big Ten Conference. HBI will create collections for all age groups, enhancing its portfolio alongside established partnerships with over 30 other universities. Recognized for ethical practices, HBI aims to deliver sustainable apparel while capitalizing on UCLA's strong alumni base and expanding its market presence in collegiate sports apparel.

HanesBrands announced that Champion Europe contributed personalized apparel to 240 athletes and volunteers at the first European Unified Youth Basketball Tournament in Italy. This initiative highlights a long-term partnership with the Special Olympics to foster inclusion and celebrate athletes of all abilities. Athletes from 16 European nations participated, training and competing together. Champion Europe emphasizes its commitment to social inclusion and community engagement, promoting respect among all individuals. This partnership has been ongoing for over 20 years in the United States.