Hanesbrands (HBI) Stock News

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 The Renewal Workshop as part of its 'Be Your Own Champion' campaign. This new collection features the brand’s iconic Reverse Weave® sweatshirts, renewed to prevent waste, and is priced between $30-$45 (40% off original MSRP). The initiative not only extends the lifespan of apparel but also aligns with Champion’s goals for sustainability, aiming for all brands under HanesBrands to adopt circular practices by 2025. The partnership emphasizes responsible consumption and environmental impact.

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.

HanesBrands Inc. (HBI) reported a strong second quarter of 2021 with net sales at $1.75 billion, a 13% increase from the previous year. Excluding PPE sales, net sales surged 88%. Operating profit rose 8% to $217 million, although operating margin decreased to 12.4%. The company anticipates Q3 2021 net sales between $1.78 billion and $1.81 billion, reflecting a 6% growth at the midpoint. For the full year, HBI raised its sales outlook to $6.75-$6.85 billion, a significant increase from prior estimates. The growth is attributed to strong consumer demand and successful execution of its Full Potential growth plan.

HanesBrands (HBI) has declared a quarterly cash dividend of $0.15 per share, payable on August 31, 2021, to stockholders of record by August 10, 2021. This marks the 34th consecutive quarterly dividend, with over $1.5 billion returned to shareholders since the dividend program's inception in April 2013. The company emphasizes its commitment to sustainability and ethical practices while aiming for long-term growth.

HanesBrands (NYSE: HBI) will host an internet audio webcast of its Q2 2021 investor conference call at 10:00 a.m. EDT on August 5, 2021. Financial results for the quarter ending July 3, 2021, will be disclosed prior to the call. The conference call will include prepared comments and a Q&A session, concluding by 11:00 a.m. EDT. Replays will be available online and via telephone through August 12, 2021. HanesBrands is recognized for its quality apparel and sustainable practices, employing 61,000 associates across 47 countries with a commitment to long-term growth.