Hanesbrands Aktie News

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Hanesbrands is considering selling its Champion brand and bidders are rumored to be circling. The sale would help Hanesbrands reduce its debt load and improve its financial position. A divestiture of Champion should result in a more stable and attractive investment opportunity for Hanesbrands.

Hanesbrands has experienced a significant decline in stock performance, with shares falling over 40% since September 2022. The main cause of the decline is the poor performance of the Global Champion brand, which saw sales decline 23% YoY in Q4/2023. However, there is potential for value in Hanesbrands if management can execute the sale of Champion and reduce debt.

The niche apparel specialist posted its fourth-quarter and full-year 2023 results. The quarterlies didn't meet analyst expectations.

Hanesbrands Inc. (HBI) Q4 2023 Earnings Call Transcript

WINSTON-SALEM, N.C.--(BUSINESS WIRE)--HanesBrands Inc. (NYSE: HBI), a global leader in iconic apparel brands, today announced results for fourth-quarter and full-year 2023. “Our fourth quarter performance did not meet our expectations as the sales environment proved to be more challenging than expected. However, we saw several positive indicators that give us confidence margins and leverage hav...

Iconic Mars Brand Drops Exclusive Apparel Collection with Champion® Athleticwear to Bring Comfort to Fans Who Need It Most After The Big Game NEWARK, N.J. , Feb. 6, 2024 /PRNewswire/ -- Today, M&M'S®, proudly part of the Mars family of brands, has released its Super Bowl LVIII ad, "Almost Champions," revealing acclaimed actress Scarlett Johansson starring alongside Dan Marino, Terrell Owens and...

WINSTON-SALEM, N.C.--(BUSINESS WIRE)--HanesBrands (NYSE: HBI) today provided details for its fourth-quarter 2023 investor conference call at 8:30 a.m. ET Thursday, February 15, 2024. Prior to the conference call that day, HanesBrands will issue a news release disclosing financial results for the quarter ended December 30, 2023. Conference Call Details: To participate via telephone, please regis...