Hanesbrands (HBI) Company Report

Hanesbrands Inc. (HBI) entered into a Merger Agreement on August 13, 2025, for its indirect acquisition by Gildan Activewear Inc., with Hanesbrands stockholders set to receive 0.102 Gildan common shares and $0.80 in cash per share.
A special meeting for Hanesbrands stockholders to approve the Transactions is scheduled virtually for November 25, 2025, at 9:00 a.m. Eastern Time.
Hanesbrands is currently facing lawsuits filed on November 4 and 5, 2025, alleging deficiencies in the proxy statements related to the merger, seeking injunctions and damages.
Goldman Sachs' financial analyses for Hanesbrands standalone derived illustrative present values per share ranging from $4.37 to $8.14 , while analyses for the pro forma combined company indicated illustrative present values for the consideration to be paid per share ranging from $5.87 to $9.94.

Nov 18, 2025, 9:47 PM

HanesBrands Inc. Announces Third-Quarter 2025 Results and Pending Acquisition by Gildan

HBI

Earnings

M&A

Guidance Update

HanesBrands Inc. reported net sales of $892 million for the third quarter of 2025, a 1% decrease compared to the prior year.
Operating profit increased 14% to $108 million, with operating margin expanding 160 basis points to 12.1%. Adjusted EPS increased 25% to $0.15.
The company's leverage ratio improved to 3.3 times net debt-to-adjusted EBITDA, a 1.0 times improvement compared to the prior year.
HanesBrands and Gildan entered into a definitive merger agreement on August 13, 2025, under which Gildan will acquire HanesBrands.
Due to the pending transaction, HanesBrands will not provide future guidance but expects to meet its previously provided full-year 2025 EPS outlook.

Nov 6, 2025, 12:03 PM

HanesBrands Reports Strong Q1 2025 Results with Transformation & Guidance Updates

HBI

Earnings

Guidance Update

Revenue Acceleration/Inflection

Debt Issuance

Q1 2025: Sales of $760 million increased ~2% YoY ; EPS surged with a 240% jump and reached $0.04 GAAP / $0.07 adjusted .
Q1 Operating Profit delivered strong gains with GAAP profit of $80 million (up 126% YoY, 10.5% margin) and adjusted profit of $81 million (10.7% margin) .
Transformation initiatives drove results, including a debt reduction of over $1 billion, margin expansion of 390 basis points, and notable SG&A savings .
Q2 guidance projects sales near $970 million, operating profit of ~$136 million, and EPS of ~$0.18, with strategic steps to mitigate tariff impacts .
The company reaffirmed full-year 2025 guidance and completed refinancing of all 2026 maturities, reducing leverage to 3.6 times net debt-to-adjusted EBITDA .

May 8, 2025, 12:31 PM

Hanesbrands Redeems 4.875% Senior Notes

HBI

Debt Issuance

Hanesbrands Inc. announced the exercise of its optional redemption rights for all outstanding 4.875% Senior Notes due 2026, setting the redemption date as March 17, 2025.
The redemption proceeds depend on completed debt financings, and the notes will be redeemed at a price of 100.154904% (i.e., $1,001.54904 per $1,000 principal) plus accrued interest.
The report was signed by Kristin L. Oliver, EVP & Chief Human Resources Officer and Chief Legal Officer, confirming the action.

Mar 14, 2025, 12:00 AM

HanesBrands Completes 2026 Maturities Refinancing

HBI

Debt Issuance

HanesBrands Inc. announced the completion of its refinancing of the 2026 maturities, executing a new financing package that includes a $1.1 billion Term Loan B facility maturing in 2032, a $750 million revolving credit facility maturing in 2030, and a $400 million Term Loan A facility maturing in 2030.
The net proceeds from these facilities are being used to redeem the outstanding 4.875% Senior Notes due 2026, refinance existing credit facilities, and cover related fees and expenses, thereby enhancing financial flexibility.
CEO Steve Bratspies highlighted that the refinancing is expected to support continued debt reduction, positive sales growth, and improved cash generation, positioning the company to create additional shareholder value.

Mar 10, 2025, 12:00 AM

Earnings Transcripts

Quarterly earnings call transcripts for Hanesbrands.

Get instant answers from SEC filings, earnings calls & more

Get instant analysis when filings drop