HBI - Dividend announcements

Exceeds year-end goals with respect to its four key 2023 performance metrics, despite a challenging sales environment. Sees positive inflection with respect to margins and leverage. Fourth quarter gross margin of 38.1% increased 400 basis points compared to prior year. Adjusted gross margin of 38.2% increased approximately 395 basis points over prior year, ahead of expectations. Unlocked tied-up working capital, ending the year with inventory below $1.4 billion, ahead of expectations. For full-year 2023, inventory improved 31% year-over-year, or $612 million. Generated $562 million of cash flow from operations, ahead of expectations. With stronger-than-expected operating cash f

Continued improvement in key performance metrics, despite a challenging sales environment. GAAP gross margin of 31.1% decreased 260 basis points compared to prior year. Adjusted gross margin of 35.5% increased 100 basis points over prior year, ahead of expectations. Reduced inventory by 17%, or $319 million sequentially, and 29%, or $620 million year-over-year. Generated cash flow from operations of $155 million in the quarter and $287 million year-to-date. Reduced total debt by $144 million in the quarter and approximately $270 million year-to-date. Ended quarter with approximately $1.2 billion of liquidity. Company continues to expect to exit the year with meaningfully hig

Reports second-quarter net sales, operating profit and EPS from continuing operations within its guidance range Reduced total debt by nearly $100 million in the quarter Further reduced inventory by 12%, or $255 million, as compared to prior year Generated cash flow from operations of $88 million in the quarter and $132 million year-to-date Company continues to expect to exit the year with meaningfully higher gross and operating margins and lower inventory. Company also continues to expect to pay down more than $400 million of debt in 2023. Provides third-quarter 2023 guidance, updates full-year outlook. HanesBrands Inc. (NYSE:HBI), a global leader in iconic apparel brands, t

Believes Hanesbrands Must Immediately Focus on Reducing Costs and Debt to Create Long-Term Shareholder Value Questions Ability of Current Board and Management Team to Effectively Lead the Business Barington Capital Group L.P. and its affiliates ("Barington"), a fundamental, value-oriented activist investor which is a shareholder of Hanesbrands Inc. (NYSE:HBI) ("Hanesbrands" or the "Company"), yesterday sent a letter to Ronald L. Nelson, Chairman of Hanesbrands, calling for immediate and decisive actions to create long-term value for shareholders. In its letter, Barington highlights that Hanesbrands' share price has declined by -51.6% in the last year alone.1 Barington believes this de

Reports first-quarter net sales, operating profit and EPS from continuing operations within its guidance range Generated positive cash flow and sequentially reduced inventory in the quarter Provides second-quarter 2023 guidance and reiterates full-year outlook, including the expectation to exit year with lower inventory, lower debt and meaningfully higher gross and operating margin run-rates HanesBrands Inc. (NYSE:HBI), a global leader in iconic apparel brands, today announced results for the first-quarter 2023. "We delivered first-quarter results in-line with our outlook, generated positive cash flow and reiterated our full-year outlook," said Steve Bratspies, CEO. "I want to t

Reports fourth-quarter net sales of $1.47 billion, above high-end of guidance range. GAAP EPS loss from continuing operations of $1.19, which includes a non-cash reserve related to deferred tax assets. Adjusted EPS from continuing operations of $0.07, at midpoint of guidance range. Shifts capital allocation strategy to strengthen balance sheet and increase financial flexibility; eliminates dividend to focus use of all free cash flow on accelerating debt reduction. Expects to refinance 2024 maturities in first-quarter 2023. Provides 2023 guidance, including a muted view of consumer demand, full-year operating cash flow of approximately $500 million and expectation to exit year with mean

Net sales decrease 7% on a reported basis to $1.67 billion; net sales decrease 3% versus prior year in constant currency GAAP EPS from continuing operations of $0.23; adjusted EPS from continuing operations of $0.29 Operating profit and EPS from continuing operations in-line with guidance Continues progress on Full Potential growth strategy, including launch of new innerwear products aimed at younger consumers and actions to improve flexibility and lower cost within its global supply chain network Board declares regular cash dividend of $0.15 per share Updates full-year 2022 guidance; provides fourth-quarter 2022 guidance reflecting increased macro-related challenges within the g

Net sales from continuing operations of $1.51 billion decrease 14% versus prior year (down 11% in constant currency); increase 75% on a two-year stack basis, excluding personal protective equipment (PPE) GAAP EPS from continuing operations of $0.26; adjusted EPS from continuing ops of $0.28 Previously announced cyber event is estimated to have had a negative impact on second-quarter net sales, adjusted operating profit and EPS of approximately $100 million, $35 million and $0.08, respectively Global Champion brand sales, in constant currency, decrease 20% over prior year; increase 96% on a two-year stack basis U.S. Innerwear sales decrease 12% compared to prior year; increase 50% o

Net sales from continuing operations of $1.58 billion increase 5% over prior year; increase 7% on a constant currency basis GAAP EPS from continuing operations of $0.32; Adjusted EPS from continuing operations of $0.34 Global Champion brand sales increase 6% over prior year in constant currency; growth on a two-year stack basis accelerates for second consecutive quarter to 28% U.S. Innerwear sales increase 1.5% over prior year and 37% on a two-year stack basis, driven by retail space gains, price increases and product mix Repurchased $25 million, or approximately 1.6 million shares, of stock in the quarter Provides second-quarter 2022 guidance. Constant currency net sales consist

HanesBrands (NYSE:HBI), a global leader in iconic apparel brands, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.15 per share to be paid May 31, 2022, to stockholders of record at the close of business May 10, 2022. The declared cash dividend will be the 37th consecutive quarterly return of cash to stockholders. The company has returned more than $1.6 billion in quarterly cash dividends to stockholders since initiating its program in April 2013. HanesBrands HanesBrands (NYSE:HBI) makes everyday apparel that is known and loved by consumers around the world for comfort, quality and value. Among the company's iconic brands are Hanes, the lea

Net sales from continuing operations of $1.75 billion, up 4% over fourth-quarter 2020; up 9% on a constant currency basis excluding PPE and 53rd week sales in 2020 Net sales from continuing operations up 15% over fourth-quarter 2019 GAAP EPS from continuing operations of $0.19; adjusted EPS from continuing operations of $0.44, inclusive of $0.02 per share impact from higher-than-expected tax rate Global Champion brand sales increase 10% over prior year and 25% over fourth- quarter 2019 U.S. Innerwear sales increase 3% over prior year, excluding PPE, and 19% over fourth-quarter 2019 Provides first-quarter and full-year 2022 guidance. Expects full-year sales from continuing operati

Company executing Full Potential growth plan; delivers strong revenue growth with operating profit and EPS exceeding guidance Net sales from continuing operations of $1.79 billion, up 6% over prior year, up 18% excluding PPE, driven by strong consumer demand globally Net sales from continuing operations up 11% over third-quarter 2019 GAAP EPS from continuing operations of $0.50; adjusted EPS from continuing operations of $0.53 Global Champion brand sales increase more than 33% over prior year and 20% over third- quarter 2019 U.S. Innerwear sales increase 12% over prior year, excluding PPE, and 25% over third- quarter 2019 Company effectively managing macro-environment headwinds

HanesBrands (NYSE:HBI), a global leader in iconic apparel brands, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.15 per share to be paid November 30, 2021, to stockholders of record at the close of business November 9, 2021. The declared cash dividend will be the 35th consecutive quarterly return of cash to stockholders. The company has returned more than $1.5 billion in quarterly cash dividends to stockholders since initiating its program in April 2013. HanesBrands HanesBrands (NYSE:HBI) makes everyday apparel that is known and loved by consumers around the world for comfort, quality and value. Among the company's iconic brands are Hanes

Revenue, operating profit, operating margin and EPS from continuing operations exceed guidance Net sales from continuing operations of $1.75 billion, up 13% over prior year; up 15% over second-quarter 2019 GAAP EPS from continuing operations of $0.42; adjusted EPS from continuing operations of $0.47 Growth driven by global Champion brand and U.S. Innerwear Global Champion sales up more than 120% over prior year and 21% over second-quarter 2019 Raises second-half and full-year 2021 guidance for net sales, operating profit, and EPS from continuing operations Issues third-quarter 2021 guidance, including net sales from continuing operations of $1.78 billion to $1.81 billion, GAAP

HanesBrands (NYSE:HBI), a global leader in iconic apparel brands, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.15 per share to be paid Aug. 31, 2021, to stockholders of record at the close of business Aug. 10, 2021. The declared cash dividend will be the 34st consecutive quarterly return of cash to stockholders. The company has returned more than $1.5 billion in quarterly cash dividends to stockholders since initiating its program in April 2013. HanesBrands HanesBrands (NYSE:HBI) makes everyday apparel that is known and loved by consumers around the world for comfort, quality and value. Among the company's iconic brands are Hanes, the l

Growth across all segments on strong brand performance and share gains Net sales from continuing operations of $1.51 billion, up 25% over prior year Growth driven by global Champion brand and U.S. Innerwear business EPS from continuing operations of $0.37 Reports non-cash charge related to reclassifying European Innerwear business as discontinued operations Provides second-quarter and full-year guidance Declares 33rd consecutive regular quarterly dividend Company to host virtual investor day today to unveil Full Potential strategic growth plan HanesBrands Inc. (NYSE:HBI), a global leader in iconic apparel brands, today announced results for the first quarter of 2021, with