What Does HanesBrands' Sale of Champion Mean for its Future?
Hanes(HBI) ZACKS·2024-10-01 16:06HanesBrands Inc. (HBI) has completed the sale of its global Champion business to Authentic Brands Group. This move is a key step in the company's plan to simplify operations and focus on its core apparel lines. The sale positions HanesBrands to pay down approximately $1 billion in debt in the second half of 2024. With a clear focus and reduced financial burden, HanesBrands aims to boost shareholder returns through revenue growth, improved margins and double-digit earnings per share growth in the coming year ...