HanesBrands Inc
Change company Symbol lookup
Select an option...
HBI HanesBrands Inc
IMNM Immunome Inc
SNMP Evolve Transition Infrastructure LP
BIOC Biocept Inc
BOXD Boxed Inc
EHTH eHealth Inc
SNCE Science 37 Holdings Inc
ONL Orion Office Reit Inc
BKKT Bakkt Holdings Inc
MOGU Mogu Inc

Consumer Discretionary : Textiles, Apparel & Luxury Goods | Small Cap Value
Company profile

Hanesbrands Inc. is a marketer of everyday basic innerwear and activewear apparel. The Company operates through three segments: Innerwear, Activewear and International. Its Innerwear segment includes apparel products, such as men’s underwear, women’s panties, children’s underwear, socks and intimate apparel, which includes bras and shapewear, and its primary brands include Hanes, Bali, Maidenform, Playtex, Champion, JMS/Just My Size, Bras N Things and Polo Ralph Lauren. The Company’s Activewear segment includes activewear products, such as T-shirts, fleece, performance apparel, sports shirts and thermals, and its primary brands include Champion, Hanes, Alternative, Gear for Sports, Comfortwash, JMS/Just My Size and Hanes Beefy-T. Its International segment includes innerwear, activewear and home goods products, and primary brands include Champion, Bonds, Sheridan, Bras N Things, Hanes, Playtex, Berlei, Wonderbra, Maidenform, Rinbros, Zorba, Sol y Oro and Polo Ralph Lauren.

Day's Change
-0.02 (-0.39%)
B/A Size
Day's High
Day's Low

Today's volume of 4,210,423 shares is on pace to be much lighter than HBI's 10-day average volume of 19,427,080 shares.


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

10:02 am ET February 2, 2023 (MarketWatch)

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. For the first quarter, the company expects an adjusted per-share loss of 9 cents to 4 cents, compared with the FactSet consensus for earnings per share of 14 cents, as the company expects "muted" consumer demand amid economic uncertainty and margin pressure as it sells through the rest of its higher-cost inventory. Hanesbrands said it was eliminating its dividend, so it can use all of its free cash flow to accelerate the pay down of debt. The company last paid a quarterly dividend of 15 cents a share in November. At current stock prices, the annual dividend rate implied a dividend yield of 8.69%, which is more than 5 times the implied dividend yield for the S&P 500 of 1.64%. The stock, which was on track for the biggest one-day selloff since the record 23.9% plunge on Dec. 11, 2008, has plunged 56.3% over the past 12 months while the S&P 500 has lost 9.6%.

-Tomi Kilgore


(END) Dow Jones Newswires

February 02, 2023 10:02 ET (15:02 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2023 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., ,, and

Copyright © 2023. All rights reserved.