HanesBrands news and archive

Hanesbrands exceeds expectations in second quarter

US textile group Hanesbrands Inc. presented surprisingly strong results for the second quarter of the 2025 financial year on Thursday. In light of the positive development, the company set higher targets for the full year. In the past quarter, which ended June 28, group revenue from continuing operations amounted to 1.29 billion dollars. This...

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HanesBrands confirms interim CFO Scott Lewis as new CFO

HanesBrands, Inc. (HBI) announced Tuesday that Interim Chief Financial Officer Scott Lewis has been appointed Chief Financial Officer, effective immediately. Lewis will also continue in his role as Chief Accounting Officer, a position he has held since 2015. Lewis, a 17-year veteran of HanesBrands with an extensive background in accounting, tax,...

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HanesBrands sees Q3 results above market

WASHINGTON - While reporting weak second-quarter profit and sales, apparel brands company HanesBrands Inc. (HBI) on Thursday issued third-quarter and fourth quarter earnings and sales forecast. Further, the company raised fiscal 2021 earnings and sales view. In pre-market activity on NYSE, HanesBrands shares were gaining around 3.6 percent to...

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HanesBrands appoints William S. Simon to its board of directors

HanesBrands, a global leader in iconic apparel brands, has announced that William S. Simon has been appointed to its board of directors. Simon’s term runs until the 2022 annual stockholders meeting and he will serve on the board’s audit committee. He’s a senior advisor to the investment firm KKR & Co, the president of WSS Venture Holdings, LLC -...

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HanesBrands Q1 sales increase 25 percent, reveals positive outlook

HanesBrands Inc. net sales for the first quarter, totalled 1.51 billion dollars, an increase of 25 percent, while total constant currency first-quarter net sales increased 22 percent. The company said, double-digit growth in both global innerwear and activewear businesses was driven by strong point-of-sale performance across all major channels,...

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Michael Dastugue to join HanesBrands as CFO

HanesBrands has appointed Michael Dastugue as chief financial officer, effective May 1, 2021. Dastugue, the company said, will bring more than 30 years of financial leadership and transformation experience at large organizations to the company. He has an extensive background in financial planning and analysis, corporate strategy, accounting, tax...

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HanesBrands appoints chief compliance officer

HanesBrands has appointed Tracy Preston as general counsel, corporate secretary and chief compliance officer, effective March 29, 2021. The company said, Preston brings more than 25 years of experience in leading corporate legal teams and serving in international law firms. She will be responsible for HanesBrands’ global legal and compliance...

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HanesBrands appoints chief design officer, global innerwear

HanesBrands has announced that Jane Newman has been named chief design officer, global innerwear. The company said Newman will lead design for the company’s global innerwear organization, which was recently created to leverage design, innovation and consumer insights around the world. She will be responsible for delivering innovative products...

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HanesBrands reports strong Q4 growth, expects Q1 sales to improve by 14 percent

HanesBrands Inc. net sales for the fourth quarter ended January 2, 2021, were 1.8 billion dollars, compared with 1.75 billion dollars for the comparable period last year. The company recorded 28 million in revenue from personal protective garments (PPE) globally in the fourth quarter. Excluding net sales of 88 million dollars from the exited C9...

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HanesBrands appoints group president, global innerwear

HanesBrands has announced that Joe Cavaliere has been named to the newly created role of group president, global innerwear, effective February 8, 2021. The company said that Howard Upchurch, group president, innerwear Americas, has announced his retirement after 34 years with the company. “I am pleased to name Joe group president of our global...

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HanesBrands Gets Favorable Judgment In Chinese Infringement Case

HanesBrands (HBI) said Tuesday that it has received a favorable judgment from the Nanjing Intermediate People's Court in a trademark infringement case involving its Champion brand in China. The case involved the production and distribution of counterfeit Champion products and the operation of unauthorized Champion retail outlets by six...

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Tanya Deans to join as President Of Hanes Australasia

HanesBrands has announced that Tanya Deans is appointed as President of Hanes Australasia, effective February 8, 2021. The company said, Deans, currently group general manager, Bras N Things, succeeds David Bortolussi, who in August announced his departure for another opportunity. “I am thrilled to name Tanya as the new president of our...