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Hanesbrands Inc. (HBI) is a global leader in branded everyday apparel, operating across the Americas, Australasia, Europe, and Asia. The company designs, manufactures, sources, and sells a wide range of innerwear and activewear apparel under some of the world’s strongest apparel brands, including Hanes, Champion, Bonds, Maidenform, Bali, Playtex, and others. HBI's products are marketed through various channels, including mass merchants, department stores, specialty stores, company-owned retail stores, and e-commerce platforms.
- Innerwear - Offers basics such as men's underwear, women's panties, children's underwear, socks, and intimate apparel like bras and shapewear.
- Brands: Hanes, Bali, Maidenform, Playtex, Champion, Bras N Things, Polo Ralph Lauren (licensed).
- International - Sells innerwear, activewear, and home goods outside the U.S..
- Brands: Champion, Bonds, Sheridan, Bras N Things, Hanes, Wonderbra, Playtex, Berlei, Zorba, Sol y Oro, Rinbros, Polo Ralph Lauren (licensed).
- Activewear - Provides T-shirts, fleece, sport shirts, performance T-shirts, shorts, sports bras, thermals, and teamwear.
- Brands: Champion, Hanes, Gear for Sports, Comfortwash, Alternative, JMS/Just My Size, Hanes Beefy-T.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Kristin L. Oliver Executive | EVP, Chief Human Resources Officer and Chief Legal Officer | None | Joined HBI in September 2020. Previously held senior HR roles at Walgreens, Chico’s FAS, and Walmart. | |
M. Scott Lewis Executive | Chief Financial Officer and Chief Accounting Officer | None | CFO since July 2023, joined HBI in 2006. Previously held roles including VP of Financial Reporting and Accounting and Interim CFO. | |
Michael E. Faircloth Executive | EVP, President, Global Operations | None | Long-serving executive at HBI, focused on global operations and supply chain management. Held multiple leadership roles since 2006. | |
Scott A. Pleiman Executive | EVP, Chief Strategy, Transformation, Analytics & Technology Officer | None | Joined HBI in January 2023. Previously a Senior Advisor at Boston Consulting Group and held senior roles at Walmart. | |
Stephen B. Bratspies Executive | Chief Executive Officer | None | CEO since August 2020, previously Chief Merchandising Officer at Walmart. Instrumental in aligning HBI's business and strategic objectives. | View Report → |
Colin Browne Board | Director | Director at Worldly; Co-Chairman of Digital Supply Chain Institute | Appointed to the Board in November 2023. Former COO and Interim CEO at Under Armour. | |
Franck J. Moison Board | Director | Director at SES-imagotag and United Parcel Service, Inc.; Chairman of International Advisory Board at EDHEC Business School | Director since 2015. Former Vice Chairman of Colgate-Palmolive with extensive global business experience. | |
Geralyn R. Breig Board | Director, Chair of the Governance and Nominating Committee | President of Revlon North America | Director since 2018. Former CEO of AnytownUSA.com and held leadership roles at Avon, Godiva, and Campbell Soup. | |
James C. Johnson Board | Director, Chair of the Talent and Compensation Committee | Director at Energizer Holdings, Inc., Edgewell Personal Care Company, and Ameren Corporation | Director since 2006. Former General Counsel at Loop Capital Markets and held senior legal roles at Boeing and Northrop Grumman. | |
John G. Mehas Board | Director | CEO of Vineyard Vines, LLC; Board Member at Prior | Appointed to the Board in November 2023. Former CEO of Victoria’s Secret Lingerie and President of Tory Burch. | |
Mark A. Irvin Board | Director | EVP and Chief Supply Chain Officer at Best Buy Co., Inc.; Board Member at National Retail Federation Foundation and Black Men Teach | Appointed to the Board in February 2023. Extensive experience in supply chain and diversity leadership. | |
Natasha C. Chand Board | Director | Principal at NoBo, LLC; Independent Board Director at Fair Trade USA | Appointed to the Board in November 2023. Former Global CEO of Amazon Softlines Private Brands. | |
Robert F. Moran Board | Director, Chair of the Audit Committee | CEO of UNATION, Inc.; Board Member at The Fressnapf Group | Director since 2013. Former CEO of PetSmart and Chairman of GNC Holdings. | |
Sharilyn Gasaway Board | Director | Board Member at Genesis Energy and JB Hunt Transport Services Inc. | Appointed to the Board in July 2024. Former CFO of Alltel Corporation, led $32 billion private equity buyout. | |
William S. Simon Board | Chairman of the Board of Directors | Executive Advisor at KKR & Co.; President of WSS Venture Holdings LLC; Board Member at Pitney Bowes Inc. and Darden Restaurants, Inc. | Director since 2021, became Chairman in December 2023. Former CEO of Walmart U.S.. |
- Given the all-time high gross margin of 41.8% this quarter , how confident are you that these margin levels are sustainable long-term, especially as you balance increased brand investments of over 5% of sales with the need to drive top-line growth in a challenging consumer environment?
- While you've paid down an additional $870 million of debt in October and aim for a leverage ratio of 3x net debt to adjusted EBITDA by the end of next year , what risks could impede achieving this target, and how will you balance debt reduction with necessary investments in the business?
- Your guidance indicates a return to sales growth in the fourth quarter , but with point-of-sale data only starting to improve slightly , what gives you confidence in achieving this growth amid the ongoing challenging consumer environment?
- With the divestiture of Champion and associated supply chain changes, are there potential dis-synergies or stranded costs that could hinder reaching your operating margin target of over 15% , and how are you addressing these challenges?
- You've reduced SKUs by 50% as part of assortment management to improve margins , but could this significant reduction limit consumer choice and negatively impact future sales growth?
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Walmart | Major mass merchant retail partner for HBI. | U.S. | 24% of total net sales in 2024. |
Amazon | Largest pure-play e-commerce partner. | U.S. | 13% of total net sales in 2024. |
Target | Key mid-tier retail partner. | U.S. | 11% of total net sales in 2024. |
Recent developments and announcements about HBI.
Earnings
New Earnings (Q4 2024)
·Feb 13, 2025, 6:16 PMView full earnings summary →With operating margins up 400bps in 2024 and a 44%+ gross margin, HBI targets 1% organic growth in 2025. Management guides another 125bps margin gain next year, fueling confidence in reaching 15%+ margins over time—despite flat sales in the U.S.
8-K Filings
8-K Filing
·4 days agoFinancial ExhibitsMaterial Definitive AgreementNew Financial ObligationOther EventsView full 8-K filing →HanesBrands Inc. completed refinancing of its 2026 maturities with new facilities including a $1.1B Term Loan B (maturing 2032), a $750M revolver and a $400M Term Loan A (both due 2030). Proceeds will redeem Senior Notes and repay debt.