Profile
Sector:
Consumer CyclicalIndustry:
Apparel ManufacturingCountry:
United StatesIPO:
06 September 2006Website:
http://www.hanes.comNext earnings report:
14 February 2025Last dividends:
21 November 2022Next dividends:
N/APrice
after hours | Thu, 21 Nov 2024 00:39:10 GMTAnalysts recommendations
Institutional Ownership
HBI Latest News
Hanesbrands Inc.'s Q3 2024 results showed flat organic revenue and margin improvement, driven by lower product costs, but SG&A expenses increased due to marketing and talent investments. The company completed the Champion divestment and repaid $870 million in debt, focusing on higher-yielding Term Loan B, boosting the stock by 18%. Despite potential Q4 growth from promotions and new distribution points, long-term margin targets (15%) are uncertain given Hanesbrands' historical performance.
Hanesbrands Inc. (NYSE:HBI ) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants T.C. Robillard - Vice President of Investor Relations Steve Bratspies - Chief Executive Officer Scott Lewis - Chief Financial Officer Conference Call Participants Brandon Cheatham - Citi David Swartz - Morningstar Paul Kearney - Barclays Capital Rob Rigby - Bank of America Operator Good day, and thank you for standing by.
WINSTON-SALEM, N.C.--(BUSINESS WIRE)--HanesBrands Inc. (NYSE: HBI), a global leader in iconic apparel brands, today announced results for the third-quarter 2024. “We delivered another strong quarter with operating profit, earnings per share, and cash flow results that exceeded our expectations. In addition, we have further reduced our leverage, expect a return to revenue growth in the fourth quarter, and raised our full-year outlook for profit and cash flow,” said Steve Bratspies, CEO. “Our str.
HBI's strategic transformation and consumer-centric innovation position it well for strong Q3 earnings despite macroeconomic challenges.
In the latest trading session, HanesBrands (HBI) closed at $7.26, marking a -0.14% move from the previous day.
WINSTON-SALEM, N.C.--(BUSINESS WIRE)--HanesBrands Inc. (NYSE: HBI) today provided details for its third-quarter 2024 investor conference call at 8:30 a.m. ET Thursday, November 7, 2024. Prior to the conference call that day, HanesBrands will issue a news release disclosing financial results for the quarter ended September 28, 2024. Conference Call Details: To participate via telephone, please register in advance by clicking here or using this link: https://register.vevent.com/register/BIa347ba7.
In the latest trading session, HanesBrands (HBI) closed at $7.08, marking a -1.39% move from the previous day.
HanesBrands (HBI) concluded the recent trading session at $7.34, signifying a -0.68% move from its prior day's close.
HBI's strategic transformation, consumer-centric approach and innovation suggest strong growth potential. However, macroeconomic challenges raise concerns.
HBI sells Champion business to Authentic Brands Group to streamline operations and reduce debt.
What type of business is Hanesbrands?
Hanesbrands Inc. is one of the leading companies in the sale of underwear and activewear, based in Winston-Salem, North Carolina. Founded in 1901, Hanesbrands owns several clothing brands, including Hanes, Champion, Playtex, Bali, L'eggs, Just My, and others. The company operates in several directions, such as manufacturing and selling underwear and sportswear items, as well as developing the brand in the global market. Clothing items, such as men's and women's underwear, children's underwear, socks, and other products are sold in the USA under well-known brands. Sportswear includes items for active leisure, such as t-shirts, fleece, sport shirts, and thermal underwear.
What sector is Hanesbrands in?
Hanesbrands is in the Consumer Cyclical sector
What industry is Hanesbrands in?
Hanesbrands is in the Apparel Manufacturing industry
What country is Hanesbrands from?
Hanesbrands is headquartered in United States
When did Hanesbrands go public?
Hanesbrands initial public offering (IPO) was on 06 September 2006
What is Hanesbrands website?
https://www.hanes.com
Is Hanesbrands in the S&P 500?
No, Hanesbrands is not included in the S&P 500 index
Is Hanesbrands in the NASDAQ 100?
No, Hanesbrands is not included in the NASDAQ 100 index
Is Hanesbrands in the Dow Jones?
No, Hanesbrands is not included in the Dow Jones index
When was Hanesbrands the previous earnings report?
No data
When does Hanesbrands earnings report?
The next expected earnings date for Hanesbrands is 14 February 2025