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Shares of Hanesbrands (HBI 28.05%) rocketed higher on Tuesday, appreciating 27.5% as of 3:02 p.m. ET.
U.S. equities gained at midday after the latest report on consumer inflation came in lower than expected, boosting hopes of a Federal Reserve rate cut. The Nasdaq and S&P 500 traded at record highs, and the Dow Jones Industrial Average was up as well.
Hanesbrands (NYSE:HBI) shares popped almost 37% premarket on a report that it will be acquired by Canada's Gildan Activewear (NYSE:GIL) for $5 billion, including debt. Per a report from the Financial Times, which cited people with knowledge of the matter, talks are at an advanced stage.
The companies are nearing a deal which would value Hanesbrands at about $5 billion, including debt, according to a media report.
HBI's second-quarter results reflect a 1.8% sales rise and solid margin gains driven by cost savings. Management raises its 2025 outlook.
Hanesbrands Inc. (NYSE:HBI ) Q2 2025 Earnings Conference Call August 7, 2025 8:30 AM ET Company Participants Markland Scott Lewis - CFO, Chief Accounting Officer & Senior VP Stephen B. Bratspies - CEO & Director Thomas C.
WINSTON-SALEM, N.C.--(BUSINESS WIRE)--HanesBrands Inc. (NYSE: HBI), a global leader in everyday iconic apparel, today announced results for the second-quarter 2025. “For the third consecutive quarter, we delivered revenue, profit and earnings per share growth that exceeded our expectations as we continue to see the benefits of our growth strategy and prior transformation initiatives,” said Steve Bratspies, CEO. “With our strong performance to date and our visibility to cost savings and input co.
New York, New York--(Newsfile Corp. - August 4, 2025) - Josh Kesselman, the founder of HBI Innovations, was recently interviewed for the New York Times where he discussed his purchase of High Times magazine. HBI Innovations is the independent provider of high-quality rolling papers and smoking innovations, widely known for its RAW® brand of rolling papers.
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WINSTON-SALEM, N.C.--(BUSINESS WIRE)--HanesBrands Inc. (NYSE: HBI) today provided details for its second-quarter 2025 investor conference call at 8:30 a.m. ET Thursday, August 7, 2025. Prior to the conference call that day, HanesBrands will issue a news release disclosing financial results for the quarter ended June 28, 2025. Conference Call Details To participate via telephone, please register in advance by clicking here or using this link: https://register-conf.media-server.com/register/BI472.