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Hanesbrands, Inc. (HBI) is a globally recognized manufacturer and marketer of everyday basic apparel. Headquartered in Winston-Salem, North Carolina, Hanesbrands is known for its iconic innerwear and activewear apparel brands, which include Hanes, Champion, Playtex, Bali, Maidenform, Flexees, JMS/Just My Size, Barely There, Wonderbra, and Gear for Sports. The company also boasts a strong international presence with brands such as Zorba, Sol y Oro, Rinbros, Track N Field, and Ritmo.
Hanesbrands' extensive portfolio is well-diversified across different segments and regions, enabling it to operate through various retail channels, including wholesale distribution to discount, midmarket, and department store retailers, as well as direct-to-consumer sales via physical stores and e-commerce platforms. Vertically integrated, Hanesbrands produces more than 70% of its products in company-controlled factories spread across over three dozen countries. This vertical integration ensures greater control over quality, cost, and supply chain efficiencies.
Founded in 1901, Hanesbrands has a longstanding history of delivering high-quality apparel. The company made a significant acquisition in October 2013 when it bought Maidenform Brands, Inc., thereby adding the Maidenform, Lilyette, and Flexees brands to its impressive portfolio. As of 2012, Hanesbrands was ranked No. 512 on the Fortune 1000 list, with more than $4.5 billion in sales and employing approximately 51,500 people across more than 25 countries.
Recent achievements and sustainability initiatives
Hanesbrands is deeply committed to sustainability, with ambitious goals for 2025 and 2030 focusing on three pillars: People, Planet, and Product. By 2030, the company aims to positively impact the lives of 10 million people. As of 2023, they have already reached 3.4 million through various creative sustainability initiatives. Key programs like 'Green for Good' invest savings from recycling into community improvement projects, providing access to medical services, funding health clinics, and facilitating over 1,500 life-changing surgeries.
On the environmental front, Hanesbrands has achieved a notable 50% reduction in Scope 1 and 2 greenhouse gas emissions since 2019, alongside reductions in water use and packaging weight. The company aims for zero waste across its operations by 2025 and 100% renewable electricity by 2030. Hanesbrands has pioneered innovative projects such as using biomass boiler technologies and solar power, significantly reducing its carbon footprint.
Hanesbrands has been recognized with various awards including the Energy Star Sustained Excellence Award and the A- score in the 2023 CDP Climate Change Report and CDP Water Security Report. These accolades affirm Hanesbrands' leadership in sustainability and its ongoing commitment to creating a positive impact.
For more information about Hanesbrands' sustainability initiatives, visit their dedicated platform at hbisustains.com.
HanesBrands (HBI) has announced a multiyear extension of its apparel partnership with the University of Michigan, granting exclusive rights to design, manufacture, and distribute Wolverine fanwear in mass retail. This agreement underscores HBI's status as the largest supplier of collegiate fan apparel and reinforces its continued collaboration with the M Den, the official retailer of Michigan Athletics. The partnership is expected to benefit from Michigan's strong alumni network and sports performance, especially following the football team's success last season.
Hanes introduces its new Comfort, Period.™ underwear line, aimed at making period protection more accessible and affordable. Designed for comfort and effectiveness, the underwear features a built-in stain protection liner and multi-layer technology for leak prevention. Priced between
HanesBrands reported second-quarter 2022 net sales of $1.51 billion, a 14% decline year-over-year, impacted by a cyber event and weaker consumer demand. Adjusted earnings per share was $0.28, down from $0.47 a year earlier. The company noted a significant negative effect from the cyber attack, estimated at $100 million in sales and $35 million in operating profit. Despite these challenges, HanesBrands continues to execute its Full Potential growth plan and declared a cash dividend of $0.15 per share.
HanesBrands (NYSE: HBI) will host a second-quarter 2022 investor conference call on August 11, 2022, at 8:30 a.m. EDT, following a news release disclosing financial results for the quarter ended June 30, 2022. Investors can register to participate via telephone or access the webcast through the company's investor section at www.Hanes.com/Investors. A replay will be available post-call until August 11, 2023.
HanesBrands (HBI) has secured a 10-year partnership with the University of Tennessee, becoming its primary apparel partner. This agreement grants HBI exclusive rights to design and distribute fanwear, enhancing market access. The partnership includes brand activations with the Champion brand ahead of the football game on September 24. HBI will leverage its in-house manufacturing and design strengths to provide a diverse collection of apparel. This collaboration aims to increase fan engagement and retail presence in Knoxville, while Tennessee continues its partnership with Nike for performance products.
HanesBrands (HBI) has secured a 10-year partnership with the University of Southern California (USC), enhancing its retail presence in the collegiate apparel market. This agreement allows HBI exclusive rights in mass and mid-tier retail channels to develop collections of fan apparel, expanding USC's retail footprint. HBI plans to launch its offerings in January 2023 and will feature various apparel lines for different demographics. This partnership complements USC's existing relationship with Nike, the official outfitter for USC athletics.
HanesBrands reported Q1 2022 net sales of $1.58 billion, a 5% increase year-over-year. GAAP EPS was $0.32, with adjusted EPS at $0.34. Champion brand sales rose 6% in constant currency. U.S. Innerwear sales grew 1.5%, driven by retail gains and price increases. The company repurchased $25 million in stock during the quarter. However, it faces $65 million in cost headwinds and expects diluted EPS guidance between $0.28 and $0.32 for Q2, citing ongoing inflation and logistical challenges.
HanesBrands (NYSE: HBI) has appointed Vanessa LeFebvre as the new president of global activewear, effective immediately. She will focus on driving growth for the Champion brand, emphasizing innovation and market expansion. CEO Steve Bratspies expressed confidence in LeFebvre's leadership, citing her extensive background in activewear and retail, including her recent role at Adidas. LeFebvre aims to enhance the company's activewear segment as part of its Full Potential plan. HanesBrands is dedicated to sustainability and aims to meet aggressive 2030 goals.
HanesBrands (NYSE: HBI) announced a quarterly cash dividend of $0.15 per share, payable on May 31, 2022, to stockholders of record by May 10, 2022. This marks the 37th consecutive quarterly dividend, contributing to over $1.6 billion returned to stockholders since the program's initiation in April 2013. The company maintains a strong commitment to sustainability with 2030 goals aimed at improving lives and protecting the planet while continuing to deliver long-term growth.
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