Hanesbrands: Speculative Buy On Innerwear Business Turnaround [Seeking Alpha]
Hanesbrands Inc. (HBI)
Last hanesbrands inc. earnings: 4/30 06:30 am
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ir.hanesbrands.com
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Source: Seeking Alpha
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. There is a common saying that the best businesses are so simple, even an idiot can run them. I believe Hanesbrands' innerwear business is one such business, with recession resistant demand and operating profits. However, Hanesbrands' value may be obscured by the troubled activewear segment, which appears to be shrinking at an alarming rate and losing money. The last time I seriously looked at Hanesbrands Inc. ( NYSE: HBI ) was in September 2022. At the time, I commented that although the company was in the midst of a 3-year restructuring plan, early results deserved an F, as sales were not on pace to achieve management's plan for $7.4 billion by 2024 and operating margins were going the wrong direction (Figure 1). However, I recommende
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HBI
News
- Decorated Apparel Market Size is expected to reach USD 70.4 billion by 2031, growing at a CAGR of 11.4%: Straits Research [Yahoo! Finance]Yahoo! Finance
- HanesBrands Announces Substantial Progress Toward Reaching Sustainability Goals Around People, Planet and ProductBusiness Wire
- Compression Stockings Market To Reach USD 3.9 Billion By 2032, Says DataHorizzon Research [Yahoo! Finance]Yahoo! Finance
- Hanesbrands Inc.'s (NYSE:HBI) latest 8.4% decline adds to one-year losses, institutional investors may consider drastic measures [Yahoo! Finance]Yahoo! Finance
- Sephora appoints Xia Ding as Managing Director of Sephora Greater China [Yahoo! Finance]Yahoo! Finance
HBI
Earnings
- 2/15/24 - Miss
HBI
Sec Filings
- 4/26/24 - Form 8-K
- 3/28/24 - Form 4
- 3/28/24 - Form 4
- HBI's page on the SEC website