Hanesbrands

Hanesbrands, Inc. is a consumer goods company, which engages in the design, manufacture, sourcing, and sale of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia Pacific. It operates through the following three segments: Innerwear, Activewear, and International. The Innerwear segment includes core apparel products, such as men's underwear, women's panties, children's underwear, socks and intimate apparel, sold in the United States (US). The Activewear segment consists of activewear products, such as T-shirts, fleece, performance apparel, sport shirts and thermals, sold in the US. The International segment comprises innerwear, activewear, hosiery and home goods products, sold outside of the US. Its brands include Hanes, Champion, Bonds, Maidenform, DIM, Bali, Playtex, Bras N Things, Nur Die/Nur Der, Alternative, L'eggs, JMS/Just My Size, Lovable, Wonderbra, Berlei, and Gear for Sports. The company was founded by J. Wesley Hanes in 1901 and is headquartered in Winston-Salem, NC.

Earnings data Q1 2021

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Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

Hanesbrands beats Q4 sales forecast, targets margin improvement in 2023

Hanesbrands navigated Q4 2022 with sales exceeding forecasts despite macroeconomic challenges and inflation, focusing on long-term transformation and debt reduction strategies.
The company anticipates higher margins and operating cash flows in 2023, targeting mid-14% operating margin and sequential margin improvement throughout the year.
Despite challenges in various markets and headwinds from inflation, Hanesbrands is strategically managing short-term obstacles and focusing on generating savings for future growth.
Analysts raised concerns about leverage improvement, inventory management, and achieving target leverage range by 2025, highlighting the company's proactive strategies and opportunities for growth.

Hanesbrands exceeds Q1 guidance amidst sales decline and challenges

Hanesbrands faced sales declines but exceeded guidance for revenue and profit, focusing on long-term growth globally despite challenges in the U.S.
Efforts to simplify the business, expand into new categories, and manage costs are strengths for the company.
Challenges include sales impact from consumer spending slowdown and inflation pressures on gross margins.
Opportunities lie in global growth strategies, improving gross margins, and using cash flow to enhance financial stability.

Hanesbrands meets Q2 expectations, eyes margin growth and debt reduction

Hanesbrands delivered as expected in Q2 2023 with notable progress.
Strong global retail performance offset challenges in the U.S. market.
Focused strategies on iconic brands and cost-saving initiatives are in place.
Anticipated challenges in Activewear and debt management require attention.
Opportunities exist in margin improvement, new product launches, and channel management.

HanesBrands excels in Q3, eyes global growth amid challenges

HanesBrands delivered a strong performance in Q3 2023, with improvements in gross margin, cash flow, and market share.
The company's strategic focus on debt reduction, product segmentation, and international growth opportunities positions it for future success.
Challenges in the Champion business and high inventory levels require ongoing management, but opportunities in LatAm and Australia offer growth potential.
Overall, HanesBrands remains resilient in navigating macroeconomic headwinds and is poised for recovery and growth in key markets.

Hanesbrands reports Q4 progress, eyes margin growth amidst sales challenges

Hanesbrands navigated sales challenges in 2023 with progress in gross margin and inventory reduction. Despite an anticipated challenging sales environment in 2024, the company expects strong operating profit growth and margin improvement. Sales guidance for 2024 anticipates improvement driven by innovation and strategic actions.

Hanesbrands reports solid Q1 results, focuses on channel strategies

Hanesbrands delivered solid Q1 results, facing challenges in Champion sales but showing improvement. The company is focused on enhancing financial performance, reducing debt, and winning across channels. Strategic shifts and cost reductions aim to drive value creation and margin expansion.

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Hanesbrands, Inc. engages in the business of designing, manufacturing, sourcing, and selling basic apparel such as T-shirts, bras, panties, shape wear, underwear, socks, and activewear. It operates through the following segments: Innerwear, Activewear, and International. The Innerwear segment includes basic apparel including men’s underwear, women’s panties, children’s underwear, and socks, and intimate apparel such as bras, and shape wear. The Activewear segment focuses on T-shirts, fleece, sport shirts, performance T-shirts and shorts, sports bras, thermals, and team wear. The International segment provides activewear, underwear, intimate apparel, socks, and home goods. The company was founded by J. Wesley Hanes in 1901 and is headquartered in Winston-Salem, NC.

WINSTON-SALEM, N.C.--(BUSINESS WIRE)--HanesBrands Inc. (NYSE: HBI) announced today that it is planning to offer $600.0 million aggregate principal amount of senior unsecured notes due 2031 (the “notes”) in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), subject to market and other customary conditions.

HanesBrands Announces Offering of Senior Notes

According to quote services, HanesBrands is offering investors a hefty 9.8% dividend yield, but that's just not real.

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The apparel manufacturer is funneling all available cash into paying down its debt.

Hanesbrands Drops Its Dividend as Times Get Tough

Hanesbrands (HBI) posts mixed fourth-quarter 2022 results. Results were hurt by a macro-driven slowdown in consumer spending and currency headwinds.

Hanesbrands (HBI) Q4 Earnings Miss Estimates, Sales Fall Y/Y

Hanesbrands Inc. (NYSE:HBI ) Q4 2022 Earnings Conference Call February 2, 2023 8:30 AM ET Company Participants TC Robillard - Vice President, Investor Relations Steve Bratspies - Chief Executive Officer Michael Dastugue - Chief Financial Officer Scott Lewis - Chief Accounting Officer Conference Call Participants Omar Saad - Evercore ISI Tom Nikic - Wedbush Michael Binetti - Credit Suisse Ike Boruchow - Wells Fargo Paul Kearney - Barclays Jay Sole - UBS Paul Lejuez - Citi David Swartz - Morningstar William Reuter - Bank of America Carla Casella - JPMorgan Operator Good day and thank you for standing by. Welcome to the Hanesbrands Fourth Quarter 2022 Earnings Conference Call.

Hanesbrands Inc. (HBI) Q4 2022 Results - Earnings Call Transcript

These changes feel sudden, and the market didn't like that.

Here's Why Hanesbrands Stock Dropped Like a Rock Today

The apparel maker eliminated its dividend to shore up its balance sheet as sales continue to slump.

Hanesbrands Shares Plunge After Dividend Cut, Gloomy Earnings and Forecast

Shares of Hanesbrands Inc. HBI plummeted 20.7% in morning trading Thursday, putting them on track for the worst one-day performance in nearly 15 years, after the T-shirt and underwear seller eliminated its dividend and warned of a surprise first-quarter loss. The company reported before the opening bell fourth-quarter adjusted profit, which excludes nonrecurring items, of 7 cents a share, down from 44 cents a share, a year ago and below the FactSet consensus of 8 cents, while sales dropped 15.9% to $1.47 billion but was in line with expectations.

Hanesbrands stock plunges toward biggest selloff in 15 years after relatively high dividend eliminated, warning of a Q1 loss

WINSTON-SALEM, N.C.--( BUSINESS WIRE )--HanesBrands Inc. (NYSE: HBI), a global leader in iconic apparel brands, today announced results for the fourth-quarter and full-year 2022.

HanesBrands Announces Fourth-Quarter and Full-Year 2022 Results

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Hanesbrands (HBI) a Great Value Stock Right Now?

V.F.

V.F Corp. and Hanesbrands are cyclical, highly leveraged and not growing - undoubtedly a poor foundation for these dividend payers in the face of a potential recession. Besides a brief overview of VFC and HBI, I will provide a detailed look at their debt situations and discuss the potential of a dividend cut.

V.F. Corp. And Hanesbrands - Debt Vs. Dividends

Hanesbrands' (HBI) Q4 earnings might reflect the impacts of inflation, elevated costs and adverse currency fluctuations.

Factors to Know Ahead of Hanesbrands' (HBI) Q4 Earnings

Efficiency and profitability has been staying relative stable, despite the macroeconomic challenges. The valuation of the firm according to a set of traditional price multiples appears attractive.

Hanesbrands: Undervalued, Could Be An Attractive Holding

HanesBrands (HBI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate HanesBrands (HBI) to Report a Decline in Earnings: What to Look Out for

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Hanesbrands (NYSE: HBI ) layoffs have the American clothing company cutting an unknown number of jobs at its corporate headquarters. These job cuts come as Hanesbrands seeks to navigate the current economic market.

Hanesbrands Layoffs 2023: What to Know About the Latest HBI Job Cuts

WINSTON-SALEM, N.C.--( BUSINESS WIRE )--HanesBrands (NYSE: HBI) today provided details for its fourth-quarter 2022 investor conference call at 8:30 a.m. ET Thursday, February 2, 2023.

HanesBrands Provides Details for Fourth-Quarter 2022 Earnings Announcement and Investor Conference Call

Can a company that sells underwear, sweatpants and T-shirts help you build wealth in 2023? Don't count Hanesbrands (NYSE: HBI ) out as the company's financial outlook might surprise you.

Buy HBI? Yes! The Bull Case for Hanesbrands.

HanesBrands (HBI) anticipates delivering fourth-quarter 2022 net sales slightly above the upper end and adjusted operating profit to come in at the midpoint of its guidance.

HanesBrands (HBI) Updates 2022 View on Bright Q4 Performance

Hanesbrand Inc.'s HBI, -1.00% stock rallied in the extended session Thursday after the apparel company hiked its outlook, and announced a search for a new chief financial officer. Hanesbrands shares much as 8% after hours, following a 1% decline to close at $7.95.

Hanesbrands stock rallies on hiked outlook

WINSTON-SALEM, N.C.--( BUSINESS WIRE )--HanesBrands Inc. (NYSE: HBI), a global leader in iconic apparel brands, today announced that it expects to report fourth-quarter 2022 net sales slightly above the top end of its outlook range and adjusted operating profit at the midpoint of the range. The company also announced that it will hold its regular fourth-quarter investor conference call at 8:30 a.m. EST Thursday, February 2, 2023.

HanesBrands Updates Fourth Quarter 2022 Financial Outlook; Announces Departure of Chief Financial Officer Michael Dastugue and Refinancing Plans

WINSTON-SALEM, N.C.--( BUSINESS WIRE )--HanesBrands (HBI), a global leader in iconic apparel brands, has been recognized with an A- score on the global CDP annual sustainability disclosures across two key areas of environmental impact – climate change and water security.

News for Hanesbrands Stock (HBI)