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.
HanesBrands (NYSE: HBI) has appointed Greg Hall as chief consumer officer, effective Nov. 16, 2020. CEO Steve Bratspies emphasized the company's focus on consumer-centric strategies. Hall, previously senior VP of private brands at Walmart, achieved double-digit growth in private brand groceries and held key marketing roles. He will oversee U.S. marketing, e-commerce, and global brand strategies, particularly for Hanes and Champion. This leadership move aims to enhance consumer engagement and drive growth for the company.
HanesBrands (NYSE:HBI) has received FDA authorization for its proprietary surgical face mask developed in partnership with North Carolina State University, the University of North Carolina at Chapel Hill, and UNC Health. This two-ply, single-use surgical mask features unique spun-bond fabric and a duckbill shape for enhanced breathability and fit. The mask meets FDA particulate filtration standards and is aimed at providing healthcare professionals with a reliable protective option during the COVID-19 pandemic, addressing the critical shortage of quality surgical masks.
HanesBrands (NYSE: HBI) has announced a quarterly cash dividend of $0.15 per share, payable on December 1, 2020, to stockholders on record as of the close of business on November 10, 2020. This marks the 31st consecutive quarterly cash return to stockholders, with over $1.3 billion returned since the dividend program initiated in April 2013.
HanesBrands (NYSE: HBI) is set to host an internet audio webcast for its Q3 2020 investor conference call on November 5, 2020, at 8:30 a.m. EST. The company will release its financial results for the quarter ending September 26, 2020, prior to the call. The conference will include prepared remarks and a Q&A session, with replays available post-call on their corporate website. HanesBrands operates globally, marketing essential innerwear and activewear under several renowned brands, employing approximately 63,000 people across more than 40 countries.
The latest episode of filmmaker Rod Murphy's "Crop to Campus" minidocumentary features college students from North Carolina exploring the supply chain of Hanes ComfortWash T-shirts. The documentary showcases efforts to align HanesBrands' sustainability goals with millennial expectations. Launched in 2019, the project emphasizes transparency and responsibility in the garment industry. The company recently announced its 2030 global sustainability goals aimed at improving lives, addressing plastic use, and enhancing environmental practices. The final episode will air on October 20.
HanesBrands recently featured in the fifth episode of filmmaker Rod Murphy's minidocumentary, "Crop to Campus," focusing on sustainable apparel production. College students from North Carolina State University visited El Salvador to study HanesBrands' ethical manufacturing and community initiatives. The company's Green for Good program has funded $2.5 million in community projects and saved 20,000 metric tons of greenhouse emissions annually. The documentary aims to assess the company's corporate social responsibility efforts among younger generations.
The fourth episode of "Crop to Campus," a minidocumentary by Rod Murphy, features North Carolina State University students visiting HanesBrands' textile operations in El Salvador. The series, released weekly, highlights sustainability in apparel manufacturing. In this episode, students learn about the textile production cycle and the company’s commitment to responsible practices. HanesBrands, a leading employer in El Salvador, focuses on ecological and social impacts, offering competitive salaries and community support. Future episodes will delve into HanesBrands' Green for Good program.
Champion Athleticwear has launched a limited-edition capsule collection in collaboration with General Mills, featuring classic cereals on apparel. This partnership includes fan-favorite cereals like Lucky Charms and Wheaties and aims to support No Kid Hungry by providing up to 300,000 meals to kids in need during the back-to-school season. The collection includes items priced from $30 to $75 and is available on Champion.com and select stores. This initiative highlights the brands' commitment to children's well-being amidst the COVID-19 pandemic.
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