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Hanesbrands Inc

Hanesbrands Inc (HBI)

8.23
0.13
(1.60%)
Closed December 22 3:00PM
8.2305
0.0005
(0.01%)
After Hours: 3:01PM

Real-time discussions and trading ideas: Trade with confidence with our powerful platform.

Key stats and details

Current Price
8.2305
Bid
-
Ask
-
Volume
21,476,579
7.8851 Day's Range 8.36
3.88 52 Week Range 9.0999
Market Cap
Previous Close
8.10
Open
7.97
Last Trade Time
Financial Volume
US$ 175,289,310
VWAP
8.1619
Average Volume (3m)
5,648,120
Shares Outstanding
352,495,979
Dividend Yield
-
PE Ratio
-163.82
Earnings Per Share (EPS)
-0.05
Revenue
5.64B
Net Profit
-17.73M

About Hanesbrands Inc

Hanesbrands manufactures basic and athletic apparel under brands including Hanes, Champion, Playtex, Maidenform, Bali, and Bonds. The company sells wholesale to discount, midmarket, and department store retailers as well as direct to consumers. Hanesbrands is vertically integrated as it produces mor... Hanesbrands manufactures basic and athletic apparel under brands including Hanes, Champion, Playtex, Maidenform, Bali, and Bonds. The company sells wholesale to discount, midmarket, and department store retailers as well as direct to consumers. Hanesbrands is vertically integrated as it produces more than 70% of its products in company-controlled factories in more than three dozen nations. Hanesbrands distributes products in the Americas, Europe, and Asia-Pacific. The company was founded in 1901 and is based in Winston-Salem, North Carolina. Show more

Sector
Apparel And Accessory Stores
Industry
Apparel And Accessory Stores
Headquarters
Chevy Chase, Maryland, USA
Founded
-
Hanesbrands Inc is listed in the Apparel And Accessory Stores sector of the New York Stock Exchange with ticker HBI. The last closing price for Hanesbrands was US$8.10. Over the last year, Hanesbrands shares have traded in a share price range of US$ 3.88 to US$ 9.0999.

Hanesbrands currently has 352,495,979 shares outstanding. The market capitalization of Hanesbrands is US$2.86 billion. Hanesbrands has a price to earnings ratio (PE ratio) of -163.82.

HBI Latest News

HanesBrands Celebrates 15 Years of Hanes for Good, Donating Over 6 Million Essential Apparel Items to Support the Unhoused Community Nationwide

HanesBrands Inc., a global leader in iconic apparel brands and sustainability, is proud to celebrate the 15th anniversary of its Hanes for Good program. Since 2009, Hanes for Good has donated...

HanesBrands Announces Third-Quarter 2024 Results

Raises Full-Year and Fourth-Quarter Operating Profit, EPS, and Cash Flow Outlook On Track to Pay Down $1 Billion of Debt in Second-Half 2024 Reports net sales at the mid-point of expected range...

Harley-Davidson and Champion Reignite Their Partnership with a Bold New Capsule Collection

Harley-Davidson and Champion Reignite Their Partnership with a Bold New Capsule Collection PR Newswire MILWAUKEE, Oct. 30, 2024 The limited-edition line merges authentic athletic comfort and...

HanesBrands Provides Details for Third-Quarter 2024 Earnings Announcement and Investor Conference Call

HanesBrands Inc. (NYSE: HBI) today provided details for its third-quarter 2024 investor conference call at 8:30 a.m. ET Thursday, November 7, 2024. Prior to the conference call that day...

HanesBrands Completes Sale of Global Champion Business to Authentic Brands Group

HanesBrands Inc. (NYSE: HBI), a global leader in iconic apparel brands, today announced that it has completed the sale of the intellectual property and certain operating assets of the Company’s...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.4895-5.613532110098.728.798.04553404988.38630609CS
4-0.0295-0.3571428571438.269.09998.04556553768.55652572CS
121.020514.15395284337.219.09996.810156481207.87636432CS
263.310567.28658536594.929.09994.6173287946.56408554CS
524.1505101.7279411764.089.09993.8875556055.71201347CS
156-8.0695-49.506134969316.317.553.5478725906.85576967CS
260-6.3195-43.432989690714.5522.8153.5471453809.50403129CS

HBI - Frequently Asked Questions (FAQ)

What is the current Hanesbrands share price?
The current share price of Hanesbrands is US$ 8.2305
How many Hanesbrands shares are in issue?
Hanesbrands has 352,495,979 shares in issue
What is the market cap of Hanesbrands?
The market capitalisation of Hanesbrands is USD 2.86B
What is the 1 year trading range for Hanesbrands share price?
Hanesbrands has traded in the range of US$ 3.88 to US$ 9.0999 during the past year
What is the PE ratio of Hanesbrands?
The price to earnings ratio of Hanesbrands is -163.82
What is the cash to sales ratio of Hanesbrands?
The cash to sales ratio of Hanesbrands is 0.52
What is the reporting currency for Hanesbrands?
Hanesbrands reports financial results in USD
What is the latest annual turnover for Hanesbrands?
The latest annual turnover of Hanesbrands is USD 5.64B
What is the latest annual profit for Hanesbrands?
The latest annual profit of Hanesbrands is USD -17.73M
What is the registered address of Hanesbrands?
The registered address for Hanesbrands is 2 WISCONSIN CIRCLE, #700, CHEVY CHASE, MARYLAND, 20815
What is the Hanesbrands website address?
The website address for Hanesbrands is www.hbisustains.com
Which industry sector does Hanesbrands operate in?
Hanesbrands operates in the APPAREL AND ACCESSORY STORES sector

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HBI Discussion

View Posts
deepsea deepsea 1 year ago
Looking good here!!
👍️0
jablome jablome 2 years ago
got 100 weekly $6.50calls again for 2.5 cents each
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jablome jablome 2 years ago
will see maybe? picked up 100 weekly 6.50 calls for $300 at the bell
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Atlanta1 Atlanta1 2 years ago
jablewit (just kidding)
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haitianfighter1 haitianfighter1 2 years ago
NICE!!!
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jablome jablome 2 years ago
2007 level why not
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haitianfighter1 haitianfighter1 2 years ago
I'm in as well at the same price... But I went all in!! I think I'mma need a stop loss just in case
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jablome jablome 2 years ago
how-could-i-say-no?
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jablome jablome 2 years ago
1500 shares at 6.52
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jablome jablome 2 years ago
1500 shares at 6.52
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haitianfighter1 haitianfighter1 2 years ago
Current 8-k filing must be bad news
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haitianfighter1 haitianfighter1 2 years ago
I'm thinking about getting in... For at least a quick couple ticks
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highstakes highstakes 2 years ago
In or out ?
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Atlanta1 Atlanta1 4 years ago
bought the dip - added at 2.62. another new 52WK high earlier this morning. very strong heading into 5/11 earnings. Deutsche Bank expects top & bottom line beat.
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Atlanta1 Atlanta1 4 years ago
strong. new 52wk highs almost daily.

$HBI
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Atlanta1 Atlanta1 4 years ago

08:12
HBI
Hanesbrands named Catalyst Call Buy idea at Deutsche Bank (21.12)
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Briboy Briboy 4 years ago
Hanesbrands Q4 Adj. EPS $0.38 Beats $0.29 Estimate, Sales $1.80B Beat $1.64B Estimate [HBI]

Good results Earnings Q4; up 23% [$3.68]

Buy to me. Analysts opines are all over the place. Woo-eee

Briboy
👍️0
@LaughinPaulRyan @LaughinPaulRyan 4 years ago
Callouts for Third-Quarter Results and Ongoing Operations

Momentum across the business: Apparel revenue trends improved sequentially in each business segment. Global sales of Champion grew nearly 130% over the previous quarter, and consumer demand remains strong.

Strong cash flow: The company delivered another strong cash flow quarter, generating $249 million of operating cash flow. The company expects to end the year with higher-than-anticipated inventory of personal protective garments, but continues to expect to generate positive operating cash flow in the second half and for the full year.

Digital progress: For the third quarter, online sales increased nearly 70% on a rebased basis through company e-commerce websites, retailer websites, large internet pure-plays, and business-to-business customers.

Improved liquidity: The company ended the third quarter with $2 billion of liquidity, up from $1.8 billion last quarter, while paying its regular dividend and reducing debt by approximately $130 million.

Sustainability goals: In the quarter, Hanesbrands announced 2030 global sustainability goals, including addressing the use of plastics and sustainable raw materials in products and packaging and improving the lives of 10 million people through initiatives that focus on health, education and wellness. In addition, the company launched a new sustainability website, www.hbisustains.com, designed to increase transparency on key metrics, including diversity, human rights benchmarks and risk assessments for investors.

COVID-related uncertainty: The company continues to operate in a highly uncertain environment due to increasing concerns of COVID-19 and increased restrictions by governments around the world.
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@LaughinPaulRyan @LaughinPaulRyan 4 years ago
“I want to thank our incredible team of more than 63,000 around the globe for their commitment and dedication during these challenging times,” said Hanes Chief Executive Officer Steve Bratspies. “I’m pleased with our third-quarter results as we saw significant improvements across our business and exceeded our expectations for sales, profits and cash flow from operations. We saw particularly strong performance in our U.S. Innerwear and global Champion businesses, and I’m encouraged by our momentum even as we continue to operate in a challenging environment.

“Hanesbrands has iconic brands, a strong balance sheet, global reach, a deep commitment to sustainability and a passionate team. We have tremendous opportunities ahead of us, and we are committed to delivering long-term growth. We are conducting an in-depth review of our business as we build our growth strategy. Parts of our strategy will begin to unfold in the fourth quarter, and I look forward to reporting on our progress in the months ahead.”
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@LaughinPaulRyan @LaughinPaulRyan 4 years ago
HanesBrands, based in Winston-Salem, N.C., is a socially responsible leading marketer of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia-Pacific. The company sells its products under some of the world’s strongest apparel brands, including Hanes, Champion, Bonds, DIM, Maidenform, Bali, Playtex, Lovable, Bras N Things, Nur Die/Nur Der, Alternative, L’eggs, JMS/Just My Size, Wonderbra, Berlei, and Gear for Sports. The company sells T-shirts, bras, panties, shapewear, underwear, socks, hosiery, and activewear produced in the company’s low-cost global supply chain. A Fortune 500 company and member of the S&P 500 stock index (NYSE: HBI), Hanes has approximately 63,000 employees in more than 40 countries. For more information, visit the company’s corporate website at www.Hanes.com/corporate and newsroom at https://newsroom.hanesbrands.com/. Connect with the company via social media: Twitter (@hanesbrands), Facebook (www.facebook.com/hanesbrandsinc), Instagram (@hanesbrands_careers), and LinkedIn (@Hanesbrandsinc).
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@LaughinPaulRyan @LaughinPaulRyan 4 years ago
Hanesbrands Inc. (HBI) said it received approval from the U.S. Food and Drug Administration for a surgical face mask it developed with North Carolina State University, University of North Carolina-Chapel Hill and UNC Health, though shares fell 20.9% to $12.95 after it reported lower profit and sales for the third quarter.

The two-ply mask could be used as personal protective equipment by health-care professionals, the apparel company said.

The company said it sees fourth-quarter earnings of 24 cents to 29 cents a share, or 25 cents to 30 cents a share on an adjusted basis, on sales of $1.6 billion to $1.66 billion. Analysts polled by FactSet are expecting earnings of 44 cents a share, or 45 cents a share on an adjusted basis, on revenue of $1.71 billion.

Write to Dave Sebastian at dave.sebastian@wsj.com

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@LaughinPaulRyan @LaughinPaulRyan 4 years ago
HanesBrands Gets FDA Approval for Surgical Face Mask; Shares Fall After 3Q Results
DOW JONES & COMPANY, INC. 10:56 AM ET 11/5/2020
Symbol Last Price Change
HBI 13.01up -3.36 (-20.5254%)
QUOTES AS OF 10:56:44 AM ET 11/05/2020
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r clarke r clarke 5 years ago
Buying this morning since its moved down.


Regular dividend being paid in June

Will be making $300M from medical garments

Champion sales at "Black Friday levels"



https://www.fool.com/investing/2020/05/05/hanesbrands-opportunity-emerging-medical-garment.aspx?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo

https://www.fool.com/investing/2020/05/05/hanesbrands-ceo-champion-online-sales-black-friday.aspx

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roger wilco roger wilco 5 years ago
Loaded some $HBI this morning on poor 1st qtr. revenue news.
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Nebuchadnezzar Nebuchadnezzar 5 years ago
I'm in at $7 or lower
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Nebuchadnezzar Nebuchadnezzar 5 years ago
Buying 2000 shares at $7

WMT TGT are open so you can buy there or online
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KOmani KOmani 6 years ago
What a time to be in.

A boring consumer company announces results in the middle of guidance.

And it tanks 17%
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burton60 burton60 8 years ago
Looks like it's turn turn turn sweet
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PARADOX PARADOX 9 years ago
Looks setup for a breakout here imo
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TheFinalCD TheFinalCD 10 years ago
sick chart!= CONGRAT$$$$

HBI

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MEA_1956 MEA_1956 10 years ago
HBI === An I sold back around sixty.
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TheFinalCD TheFinalCD 10 years ago
WOW!! UNREAL RETURN ON INVESTMENT SINCE IPO IN 2006


SICK LOOKIN CHART!!!!




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stocktrademan stocktrademan 10 years ago
$HBI DD Notes ~ http://www.ddnotesmaker.com/HBI

bullish

$HBI recent news/filings

## source: finance.yahoo.com

Fri, 14 Nov 2014 17:09:00 GMT ~ 3 Consumer Non-Durables Stocks Moving The Industry Upward


read full: http://www.thestreet.com/story/12955059/1/3-consumer-non-durables-stocks-moving-the-industry-upward.html?puc=yahoo&cm_ven=YAHOO
*********************************************************

Thu, 06 Nov 2014 20:47:00 GMT ~ [$$] Hanesbrands Stock Set to Rise 20% in the Next Year


read full: http://online.barrons.com/articles/hanesbrands-stock-set-to-rise-20-in-the-next-year-1415306858?mod=yahoobarrons&ru=yahoo
*********************************************************

Thu, 06 Nov 2014 18:04:28 GMT ~ HANESBRANDS INC. Financials


read full: http://finance.yahoo.com/q/is?s=hbi
*********************************************************

Sun, 02 Nov 2014 00:07:36 GMT ~ 10-Q for Hanesbrands, Inc.


read full: http://www.companyspotlight.com/routers/headline/19257/10004/6405791?cp_code=YAH1&1414886856
*********************************************************

Thu, 30 Oct 2014 20:38:50 GMT ~ HANESBRANDS INC. Files SEC form 8-K, Regulation FD Disclosure


read full: http://biz.yahoo.com/e/141030/hbi8-k.html
*********************************************************


$HBI charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com


$HBI company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/HBI/company-info
Ticker: $HBI
OTC Market Place: Not Available
CIK code: 0001359841
Company name: Hanesbrands, Inc.
Company website: http://www.hanesbrands.com
Incorporated In: MD, USA


$HBI share structure

## source: otcmarkets.com

Market Value: $10,962,162,127 a/o Nov 14, 2014
Shares Outstanding: 99,892,128 a/o Oct 24, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.01
$HBI extra dd links

Company name: Hanesbrands, Inc.
Company website: http://www.hanesbrands.com

## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/HBI/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/HBI/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=HBI+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=HBI+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=HBI+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/HBI/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/HBI/news - http://finance.yahoo.com/q/h?s=HBI+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/HBI/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/HBI/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/HBI/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/HBI/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/HBI/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/HBI/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/HBI/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/HBI/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=HBI+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/HBI
DTCC (dtcc.com): http://search2.dtcc.com/?q=Hanesbrands%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Hanesbrands%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Hanesbrands%2C+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.hanesbrands.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.hanesbrands.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.hanesbrands.com

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/HBI/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/HBI
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/HBI/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/HBI/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/HBI/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001359841&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/HBI/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/HBI/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/HBI/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/HBI/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=HBI&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=HBI
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/HBI/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=HBI+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=HBI+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=HBI
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=HBI
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=HBI+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/HBI/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=HBI+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/HBI.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=HBI
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/HBI/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/HBI/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/HBI/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/HBI/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/HBI
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/HBI
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/HBI:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=HBI
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=HBI



$HBI DD Notes ~ http://www.ddnotesmaker.com/HBI
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ECole ECole 11 years ago
Acquire Maidenform-Brands Conference Call Updates

Read here
http://www.earningsimpact.com/Transcript/82451/HBI/Hanesbrands-Inc----HanesBrands-To-Acquire-Maidenform-Brands-Inc-
👍️0
Penny Roger$ Penny Roger$ 12 years ago
~ Tuesday! $HBI ~ Q2 Earnings expected today or coming soon! In Charts and Links Below!

~ $HBI ~ Earnings expected on Tuesday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=HBI&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=HBI&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=HBI
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=HBI#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=HBI+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=HBI
Finviz: http://finviz.com/quote.ashx?t=HBI
~ MarketWatch: http://www.marketwatch.com/investing/stock/HBI/insideractions


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=HBI >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.
👍️0
Penny Roger$ Penny Roger$ 12 years ago
~ Monday! $HBI ~ Q2 Earnings alerted as posted, pending or coming soon! In Charts and Links Below!

~ $HBI ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=HBI&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=HBI&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=HBI
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=HBI#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=HBI+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=HBI
Finviz: http://finviz.com/quote.ashx?t=HBI
~ Marketwatch: http://www.marketwatch.com/investing/stock/HBI/insideractions


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Hanesbrands Inc. Celebrates Start of Stock Trading on the New York Stock Exchange under the Symbol HBI

Wednesday September 6, 10:15 am ET
Hanesbrands Reborn as Brand New 105-Year-Old Company, Showcasing Company's Platform: ''We Are What You Wear''


WINSTON-SALEM, N.C.--(BUSINESS WIRE)--Sept. 6, 2006--Hanesbrands Inc. (NYSE: HBI - News) rang in its independence today with the commencement of stock trading on the New York Stock Exchange and with celebrations at employee locations in 24 countries around the globe.


Hanesbrands CEO Richard A. Noll and Executive Chairman Lee A. Chaden rang the NYSE's ceremonial opening bell in New York as thousands of employees watched live via satellite on a huge video screen outside of Hanesbrands headquarters in Winston-Salem, N.C.

"Today we launch a brand new 105-year-old company," Chaden said. "Our innerwear, outerwear and hosiery apparel brand products are found in eight out of 10 American households. Wherever and whenever consumers want to shop, our products are there - through mass merchants, department stores and company retail stores, plus the Internet and catalogs. Our platform is: 'We Are What You Wear.' "

The "We Are What You Wear" theme, which appeared today in select newspaper advertisements and promotional materials, signifies the role that Hanesbrands' innovative everyday products and world-class brands play in the lives of consumers. In addition to ringing the bell at the exchange, Hanesbrands ambassadors roamed New York's financial center, showcasing the company's products via interactive T-shirts and giveaways.

Hanesbrands has more than a century of history and a portfolio of leading apparel brands, including Hanes, Champion, Playtex, Bali, Just My Size, barely there, and Wonderbra. It sells high-volume, frequently purchased apparel essentials such as T-shirts, bras, panties, men's underwear, children's underwear, socks, hosiery, casualwear and activewear.

"Hanesbrands is well-positioned to thrive as an independent company and has tremendous growth and financial potential," Noll said. "We have great opportunities to use our strong cash flow to increase profitability and pay down debt. Our success model is straight forward. We will use our cash flow and cost-control initiatives to further invest in the continued growth our strong brands in core product categories driven by innovative products."

Examples of recent innovation in key product categories include the introduction of Hanes tagless T-shirts and the extension of the tagless comfort characteristic into other product segments. Hanes Comfort Soft men's underwear and women's panties and bras wrap elastic in cotton for a better and more comfortable fit. The company's Playtex brand has introduced bras in half sizes for versatility and comfort, and the introduction of Bali Platinum products is expanding the brand across selling channels.

"We have a strong and consistent cash flow, generating more than $2 billion over the past four years," Noll said. "Our innerwear business, including underwear, bras and panties, is a strong replenishment packaged-goods business. Men buy underwear on average more than three times a year and women buy panties more than 4 times a year."

In fiscal 2005, Hanesbrands generated $4.7 billion in net sales and $406 million in operating profit.

Hanesbrands Inc.

Hanesbrands Inc. is a leading marketer of innerwear, outerwear and hosiery apparel under strong consumer brands, including Hanes, Champion, Playtex, Bali, Just My Size, barely there and Wonderbra. The company designs, manufactures, sources and sells T-shirts, bras, panties, men's underwear, children's underwear, socks, hosiery, casual wear and active wear. Hanesbrands has approximately 50,000 employees in 24 countries. More information about Hanesbrands Inc. may be found on the internet at http://www.hanesbrands.com.

Cautionary Statement Concerning Forward-Looking Statements

All statements contained in this press release, other than statements of historical fact, are forward-looking statements, including those regarding our launch as an independent company and the benefits expected from that launch. These statements speak only as of the date of this press release and are based on our current plans and expectations, and they involve risks and uncertainties that could cause actual future events or results to be different than those described in or implied by such forward-looking statements. These risks and uncertainties include those relating to our ability to migrate our production and manufacturing operations to lower-cost centers around the world; the highly competitive and evolving nature of the industry in which we compete; our ability to effectively manage our inventory and reduce inventory reserves; any loss of or reduction in sales to any of our top customers; risks associated with our foreign operations or foreign supply sources; the impact of economic and business conditions and industry trends in the countries in which we operate our supply chain; any failure by us to protect against dramatic changes in the volatile market price of cotton; our substantial debt and debt-service requirements that restrict our operating and financial flexibility and impose significant interest and financing costs; future financial performance, including availability, terms and deployment of capital; and the outcome of any pending or threatened litigation. Further information about these matters can be found in our Securities and Exchange Commission filings. We expressly disclaim any intent or obligation to update these forward-looking statements, other than as required by law.



Contact:
Hanesbrands Inc.
Media
Matt Hall, 336-519 3386
or
Analysts and Investors
Brian Lantz, 336-519-7130

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Source: Hanesbrands Inc.

http://biz.yahoo.com/bw/060906/20060906005649.html?.v=1

$21.11 close, Volume: 7,634,900
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