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HanesBrands Celebrates a Decade of Impressive Success as an Independent Public Company with an Eye on the Future
HanesBrands Celebrates a Decade of Impressive Success as an Independent Public Company with an Eye on the Future
September 6, 2016 at 8:00 AM EDT
Since company executives first rang the
In that span, the company’s stock went from a split-adjusted closing
price of
Hanes Chairman and Chief Executive Officer
“I could not be prouder of our organization and our 70,000 employees
across the globe,” said Noll, who lead the company in its spinoff as an
independent company and rang the
Evans added, “The business strategies that have served us well over the past decade will remain the foundation for our future success. We will continue to focus on sales and profitability growth in the evolving global marketplace, as well as brand building, innovation, acquisitions, supply chain excellence, cash-flow generation, and value-generating capital allocation.”
The company has numerous successes over the past decade, including weathering the greatest recession in a generation and historic input inflation. In honor of the company’s 10th anniversary, here is a Top 10 list of success stories.
One Company, One Vision. At the time of the spinoff, Hanes
operated as a collection of businesses, but Noll, Evans and their
leadership team rallied the organization to think and act as one company
with one strategic mantra: Sell More, Spend Less and Generate Cash. Not
only has the company generated growth and delivered impressive financial
results, but it was named to
Supply Chain Excellence. In the apparel industry, Hanes is one of
the few companies to own the majority of its supply chain production. In
the past decade, Hanes has recapitalized and relocated its supply chain
to be balanced across the Western and Eastern Hemispheres. A decade ago,
the company had a few hundred employees in all of
Innovate to Elevate. In the past decade, Hanes followed up on its highly successful Tagless Tee initiative to launch ComfortFlex Bras, ComfortBlend fabrics, X-Temp temperature control products, and FreshIQ odor protection products across numerous brands and product categories. The company leverages its brands, supply chain and R&D strengths to generate category-leading innovations to drive shelf space and market share.
Acquisitions, Integration Expertise. Hanes’ solid balance sheet
and capital position has allowed it to make value-generating
acquisitions around the globe. The company has made several major
acquisitions, including Gear for Sports, Maidenform, and Knights Apparel
in
Net Sales and Profit Growth. Through 2015, the company’s net sales have increased by 30 percent from 10 years ago. The profitability of the Innerwear and Activewear segments has grown significantly. Innerwear’s operating profit margin has increased from 12.8 percent in 2009 to 22.7 percent in 2015, while Activewear’s operating profit margin increased from 5 percent in 2009 to 16.1 percent in 2015.
International Growth. The company’s International segment has more than doubled in size in the past decade, increasing from approximately 10 percent of sales to approximately 20 percent last year. With the acquisitions of Pacific Brands and Champion Europe, both competed this year, the percentage of sales from International operations will again increase.
Strong Capital Structure. Hanes has significantly de-risked the company’s balance sheet since its spinoff by reducing debt leverage by more than half. This has allowed it to deploy capital for dividends, acquisitions and share buybacks. The company benefits from strong cash flow and successful working capital management.
Corporate Social Responsibility Leader. Hanes values and protects
its strong reputation for ethical business practices around the world,
including workplace practices, code of conduct implementation, community
building and philanthropy, safety, and environmental leadership. A
member of the
Value Creation. Hanes has generated significant shareholder
return as a public company. The company’s stock price and market
capitalization have more than quintupled. The company instituted a
regular quarterly cash dividend in
The company is celebrating 10 years of success, but it believes the best is yet to come.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160906005480/en/
Source:
HanesBrands
Matt Hall, 336-519-3386
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