HanesBrands Takes Actions to Navigate COVID-19 Pandemic, Preserve Cash and Strengthen Long-term Market Position
Hanesbrands Inc. (HBI)
Last hanesbrands inc. earnings: 4/30 06:30 am
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Source: Business Wire
WINSTON-SALEM, N.C.--(BUSINESS WIRE)--HanesBrands (NYSE: HBI) today announced that it is taking actions to navigate the global economic environment caused by the COVID-19 pandemic, including limiting discretionary spending, reducing executive pay, managing inventory, leveraging the company’s e-commerce business across the online channel, and diversifying production to include face masks.The company has instituted temporary pay cuts for executives and salaried employees, ranging from 10% to 30%, depending on employee level. The company is also ramping up additional production to make more than 320 million FDA-approved all-cotton face masks over the coming weeks that can be used in the efforts to stem the spread of the novel coronavirus that causes COVID-19.“HanesBrands continues to follow a safety-first operating philosophy for the sake of our employees, consumers and partners,” said Hanes Chief Executive Officer Gerald W. Evans Jr. “We also are proactively taking measures to assur
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HBI
Earnings
- 11/7/24 - Beat
HBI
Sec Filings
- 11/13/24 - Form 144
- 11/7/24 - Form 10-Q
- 11/7/24 - Form 8-K
- HBI's page on the SEC website