Hanesbrands Inc is a leading global apparel company known for its diverse portfolio of intimate apparel, activewear, and socks
The company designs and manufactures a wide range of products under well-established brands that cater to various consumer needs, focusing on comfort, quality, and innovation. With a commitment to sustainability and responsible manufacturing practices, Hanesbrands aims to deliver value to its customers while also promoting environmentally friendly initiatives throughout its operations. The company's extensive distribution channels allow it to reach a broad audience, both through retail partners and direct-to-consumer platforms.
Hanes, America’s No. 1 brand of basic apparel, is drawing from its nearly 125-year legacy to release an exclusive collaboration with lifestyle retailer Urban Outfitters. The Hanes Heritage x Urban Outfitters capsule collection features 28 pieces of innerwear and apparel for men and women, blending nostalgia with the effortless style and self-expression that define today’s fashion and culture.
HanesBrands (NYSEHBI) today announced that it has successfully priced its senior secured term loan B facility in an aggregate principal amount of $1.1 billion (the “Term Loan B”) to replace the Company’s existing $300 million Term Loan B due 2030 (the “Existing Term Loan B”). The Term Loan B will mature seven years after the date of closing, which is expected to occur in the next few weeks. The Term Loan B priced at SOFR + 275 basis points with an OID of 99 3/4. Additionally, HanesBrands announced a $750 million senior secured revolving credit facility (the “Revolver”) due 2030 to replace the Company’s existing $1.0 billion senior secured revolving credit due 2026 and a $400M Term Loan A facility (the “Term Loan A”) due 2030 to replace the Company’s existing $403 million term loan A due 2026 (the “Existing Term Loan A”). Hanesbrands intends to use the net proceeds from the Term Loan B, together with the proceeds from the Revolver and Term Loan A, to redeem the Company’s outstanding 4.875% Senior Notes due 2026, to refinance the Existing Term Loan B, the Existing Revolver, and the Existing Term Loan A, and to pay related fees and expenses.
Clothing company Hanesbrands (NYSEHBI) missed Wall Street’s revenue expectations in Q4 CY2024 as sales only rose 1.1% year on year to $888.5 million. Next quarter’s revenue guidance of $750 million underwhelmed, coming in 4.1% below analysts’ estimates. Its non-GAAP profit of $0.17 per share was 19.5% above analysts’ consensus estimates.
HanesBrands reported 4.5% sales growth in Q4, falling short of analyst expectations at $888.47 million. Looking ahead, HanesBrands projects FY25 sales of $3.47B to $3.52B, lower than estimates.
HanesBrands (NYSEHBI), a global leader in iconic apparel brands, today announced that Steve Bratspies will depart as Chief Executive Officer of the Company at the end of 2025, or upon the appointment of his successor. As part of the Company’s leadership succession planning process, the Board has begun a comprehensive search to identify the Company’s next CEO and has retained Spencer Stuart, a leading executive search firm, to support its work. Bratspies will step down from the Board of Directors concurrent with the end of his tenure as CEO. He will stay on in an advisory role once a new CEO is named to support a smooth transition.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at apparel and accessories stocks, starting with Hanesbrands (NYSEHBI).
The past six months have been a windfall for Hanesbrands’s shareholders. The company’s stock price has jumped 58.1%, hitting $8.33 per share. This was partly due to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Under Armour (NYSEUAA) and the rest of the apparel and accessories stocks fared in Q3.
Looking back on apparel and accessories stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Stitch Fix (NASDAQSFIX) and its peers.
HanesBrands Inc. (NYSEHBI), a global leader in iconic apparel brands, is encouraging Americans to reassess their underwear and bra drawers as part of its latest campaign: "If You Wouldn’t Flaunt It, Refresh It." A fresh wardrobe starts with comfortable undergarments, and according to a new survey of 2,000 U.S. adults commissioned by HanesBrands, many Americans are holding onto their underwear and bras far longer than recommended. In fact, the average person keeps their underwear for three years, with some hanging onto pairs for six years or more—long past their prime for comfort and fit.
Looking back on apparel and accessories stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including ThredUp (NASDAQTDUP) and its peers.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the apparel and accessories industry, including G-III (NASDAQGIII) and its peers.
