HBI earnings call for the period ending June 30, 2020.
News & Analysis: Hanesbrands
The markets have been celebrating the early stages of a reopened economy.
Despite trade tensions in recent months, investors can't resist a bargain.
Another quarter shows why the company has a hidden gem in the Champion brand.
The apparel company's investor presentation reassured investors.
A cheap valuation and improving operating results caused investors to take the lid off the stock price last month.
Shares of the apparel company gained on an impressive earnings report.
Holiday retail sales were the best in six years, which was a positive sign for the maker of Champion athletic wear.
While the company's activewear segment is posting solid growth, there's not much growth in underwear and socks, which has weighed on the share price.
Hanesbrands slightly missed Wall Street estimates on the bottom line, but the news of its C9 contract with Target ending 2020 added to investor pessimism.
June was a slow news month for the clothing company, but that didn't stop its stock from posting big gains.