Hanesbrands Inc Stock Price, News & Analysis

HanesBrands (NYSE: HBI) announces the appointment of Michael Dastugue as chief financial officer, effective May 1, 2021. Dastugue brings over 30 years of financial leadership, most recently serving as CFO at Walmart U.S. with a focus on profitability. He aims to drive growth and execute HanesBrands' strategic plan. With a strong background in financial planning and analysis, Dastugue is expected to enhance the company’s financial performance and leadership capabilities.

HanesBrands (HBI) will release its Q1 2021 earnings on May 11, 2021, prior to market opening. The company will detail its results during a virtual Investor Day at 8:30 a.m. EDT the same day, featuring presentations on its Full Potential growth plan and a Q&A session. HanesBrands is known for its strong apparel brands, including Hanes and Champion, and operates globally with about 61,000 employees. Investors can find further information by visiting www.Hanes.com/Investors.

The Premier Lacrosse League (PLL) has partnered with Champion Athleticwear as its official sideline apparel partner for the 2021 season. This collaboration includes supplying apparel for players, staff, and coaches, along with innovative co-branded products. Notable merchandise includes a PLL x Champion Reverse Weave Hoodie and Crewneck, priced at $65 and $60, respectively. The PLL season will feature 43 games from June 4 to September 19, marking a return to a tour-based format. Champion, a brand of Hanesbrands, has over 100 years in sports apparel innovation.

Hanes has launched its innovative Comfort Flex Fit® Total Support Pouch™ boxer briefs, designed to enhance men’s comfort and confidence. The product features a patent-pending pouch construction with breathable mesh inserts, promoting support and reduced discomfort. Initial testing showed that 71% of men had never worn a similar design, with 80% expressing intent to purchase after trying them. The marketing campaign is set to run during the NCAA Division I Men’s basketball tournament and across social media platforms. The three-pack retails starting at $16.98, available in stores and online.

HanesBrands (NYSE: HBI) announces the appointment of Tracy Preston as general counsel, corporate secretary, and chief compliance officer, effective March 29, 2021. With over 25 years of experience in corporate legal roles, Preston will oversee global legal and compliance functions, reporting to CEO Steve Bratspies. Her previous positions include executive vice president at The Neiman Marcus Group and senior legal roles at Levi Strauss & Co. Preston emphasizes HanesBrands' commitment to sustainability and potential for growth as she joins the team.

HanesBrands (NYSE: HBI) has appointed Jane Newman as the chief design officer for global innerwear. Newman will oversee innovation and design across various brands including Hanes, Bonds, and Maidenform. Her leadership is expected to enhance the company's growth strategy, particularly for U.S. innerwear brands. CEO Steve Bratspies emphasized the importance of focusing on global strengths to drive brand development. Newman, with over three decades of experience, has a proven record in product innovation and sustainability, which aligns with HanesBrands' commitment to responsible design.

Champion Athleticwear has partnered with Authentic Brands Group (ABG) for a multi-year collaboration featuring the Muhammad Ali brand. This collaboration will include a global campaign and numerous product collections that reflect Ali's core principles. The first launch, the Champion X Muhammad Ali Collection, integrates Ali's imagery and quotes into apparel designs. Ranging in price from $40 to $125, items include hoodies, crewnecks, and graphic t-shirts. Future drops are planned for later in the year, emphasizing empowerment and self-expression.