Workflow
Hanesbrands: No Longer Standing Still After Q2 Earnings
HanesHanes(US:HBI) Seeking Alphaยท2024-08-14 19:01

James Darell/DigitalVision via Getty Images When Hanesbrands (NYSE:HBI) announced the Champions deal in June, I wondered what would be in play for the company. Shares got a boost on the back of the announcement, with investors liking the leverage reduction, yet I still feared the overall investment case as the company still held quite some debt while operating performance remained challenging. Following a resilient second quarter earnings report and comforting words about the pro forma business and its outl ...