In this episode, Scott Becker discusses Hanes’ surprising 18.5% stock drop.
Chapter 1: What is the main topic of this episode?
This is Scott Becker with the Becker Private Equity and Business Podcast. Today's discussion, and again, the podcast is ranked number one in the United States today for business news, so bear with me. And no matter how ridiculous you think that this is, there's at least a lot of people that listen, so God bless you all. So today's discussion is Hanes, Hanes Underwear.
Chapter 2: Why did Hanes underwear stock drop 18.5%?
Chapter 3: What products does Hanes offer?
Hanes underwear took it absolutely on the chin yesterday. It went down 18.5%. I take it it's a total coincidence that that went down the same day that hims and hers went up, which seems strange to me and not really a connection. But the point being here. Hanes makes great products. They make great products at non-premium prices.
So I can buy my five pairs of boxer briefs from Hanes for $20 at Target. I can buy the three to five t-shirts that I love more than my Viore t-shirts, more than my Lululemon t-shirts. I like the Viore t-shirts. I hate the Lululemon t-shirts. It is what it is. But the Hanes black t-shirts, the basic ones, I just absolutely love.
So notwithstanding the fact that I have this love affair with Hanes, not with hims and hers, so bear with me, Its stock dropped 18.5% yesterday. I feel like, and this is really a call out to our listeners, I feel like I'm doing everything I can to support Hanes. I would ask others to help join in that as well. And in any event, Hanes gets crushed down 18.5% yesterday.
We'll see if that gets better. Thank you for listening to the Becker Private Equity and Business Podcast. Thank you very, very much.