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.
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.
Champion Athleticwear announces a limited-edition collection in collaboration with Hasbro Gaming, featuring designs from iconic games like Monopoly, Twister, Scrabble, and Candy Land. This collection aims to blend playful competition with stylish athletic wear, catering to fans of all ages. The line includes pullover hoodies, joggers, and footwear, all available on Champion.com and select retailers, with prices ranging from $30 to $80. Group President Jon Ram highlights the collection's ability to let consumers express themselves during the holiday season.
HanesBrands (HBI) reported third-quarter 2021 net sales of $1.79 billion, a 6% increase from the previous year, driven by strong global consumer demand. Excluding PPE, net sales surged 18%. The GAAP EPS was $0.50, with adjusted EPS at $0.53. Champion brand sales soared 33%, and U.S. Innerwear sales rose 12%. Despite headwinds like inflation and transportation delays, the company reiterated its Q4 guidance, emphasizing confidence in its Full Potential growth strategy.
HanesBrands (NYSE: HBI) has declared a quarterly cash dividend of
HanesBrands (NYSE: HBI) will hold an audio webcast for its Q3 2021 investor conference call on Nov. 4, 2021, at 8:30 a.m. EDT. Financial results for the quarter ending Oct. 2, 2021, will be released prior to the call. The conference will include a Q&A session, accessible via the Hanes corporate website. Replays will be available post-call and via telephone until Nov. 11, 2021. HanesBrands is recognized for its quality apparel brands like Hanes and Champion, and is focused on sustainability and long-term growth.
HanesBrands (HBI) has entered a 10-year agreement with the University of Texas at Austin to serve as a primary apparel partner, aiming to offer a wide array of Longhorn fan apparel. This partnership, which grants exclusive rights in various channels through 2032, follows a competitive proposal process. Notably, HBI has already launched a unique Champion shop experience in Austin, receiving a positive fan response and achieving near record sales during the first football game. The partnership aligns with HBI's strategy to expand its collegiate merchandise offerings significantly.
Champion Athleticwear has launched Champion Renewed in partnership with
HanesBrands (NYSE: HBI) mandates that all U.S. office associates be fully vaccinated against COVID-19 by October 15, 2021, prioritizing health and safety. The company plans to return the majority of its U.S. associates to office work by October 18, monitoring the pandemic situation closely. A confidential exemption process has been established for those unable to vaccinate due to medical or religious reasons. HBI emphasizes teamwork and effective service to consumers, underscoring its commitment to workplace quality and ethical practices.
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.
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