2024-06-06 07:37:28 ET
Summary
- Hanesbrands' shares have seen a boost after a period of poor returns due to an overleveraged balance sheet and operational weakness.
- HBI has finally started asset sales, which has provided some relief to investors and leverage ratios.
- The recent divestment of the Champion business will create a more focused Hanesbrands, but the company still faces challenges in reducing its net debt.
Shares of Hanesbrands ( HBI ) have seen some life again after investors have seen a long period of dismal returns, driven by an over leveraged balance sheet, the result of wrong capital allocation policies on top of operational weakness....
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Hanesbrands: Champions Deal Has Arrived, What Now?