HanesBrands Inc (HBI) News & Events

$6.470

-0.118 (-1.82%)At close

HBI News

7.004-20Newsfilter

California's Antitrust Case Against Amazon Unveils New Evidence

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Amazon Accused of Price Fixing in Antitrust Case

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GLP-1 Drugs Drive Growth in U.S. Apparel Spending

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Victoria's Secret Exceeds Expectations with Strong Sales Forecast

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HBI Innovations Founder Leads Tour of RAW Factory, Showcasing Innovative Craftsmanship

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Lululemon Falls 10% Over Three Months: Should Investors Seize the Opportunity or Remain Wary?

8.511-25Newsfilter

Sandisk Replaces Interpublic in S&P 500 Index

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Sandisk Corp. Set to Take Over Interpublic Group of Companies in S&P 500 Index

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After-Hours Stock Highlights: Zoom, Semtech, Agilent Technologies, Sandisk, and Others

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HBI Events

1/22 11:10

Target Elects Two New Board Members

Target Corporation (TGT) announced the election of two to its Board of Directors: John Hoke, III, former chief innovation officer at NIKE (NKE), and Steve Bratspies, former CEO of HanesBrands (HBI).

12/2 05:00

Gildan (GIL) Acquires Hanesbrands (HBI) with Completion Expected by December 1

Gildan Activewear (GIL) is acquiring Hanesbrands (HBI) in a deal expected to be completed December 1, pending final closing conditions.

12/1 09:30

Gildan Completes Acquisition of HanesBrands Inc.

Gildan Activewear has completed the previously announced acquisition of HanesBrands Inc.

11/24 17:24

First Interstate to Take Hanesbrands' Place in S&P 600 Starting December 2nd

Gildan Activewear (GIL) is acquiring Hanesbrands (HBI) in a deal expected to be completed December 1, pending final closing conditions.

11/6 07:41

Hanesbrands announces Q3 adjusted EPS of 15 cents, falling short of consensus estimate of 16 cents.

Reports Q3 revenue $891.68M, consensus $905.26M. "Our top-line results for the quarter reflect an unanticipated late quarter shift in replenishment orders at one of our large U.S. retail partners; however, we saw underlying fundamentals of our business continue to improve in the quarter. Our inventory position at retail is strong. We're encouraged by our unit point-of-sale trends, which sequentially improved each month during the quarter. We are also pleased with our strong back-to-school season as the Hanes brand continued to gain market share," said Steve Bratspies, CEO. "In addition, the continued execution of our cost savings initiatives drove operating profit growth and operating margin expansion, which along with lower interest expense, combined to generate a 25% increase in adjusted earnings per share in the quarter. Looking forward, our team remains focused on driving the business and the successful completion of the transaction with Gildan."

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