Barington Capital Sends Letter Earlier Calling For Change At Hanesbrands; Reiterates Commitment To Shareholder Value Creation
Portfolio Pulse from Benzinga Newsdesk
Barington Capital has sent a letter to Hanesbrands (HBI) calling for changes and reiterating its commitment to shareholder value creation. Barington believes Hanesbrands must focus on reducing costs and debt to create long-term shareholder value. Hanesbrands' board and management team have been in discussions with Barington and are open to additional paths to improve performance and create value. The company's Full Potential plan is expected to unlock significant opportunities, which will be discussed in the upcoming Q2 2023 earnings report.
August 08, 2023 | 1:31 pm
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Barington Capital's call for changes at Hanesbrands could put pressure on the company to reduce costs and debt, potentially impacting its short-term stock performance. The upcoming Q2 2023 earnings report could provide further insights into the company's strategies and future direction.
Barington Capital's call for changes at Hanesbrands could lead to strategic shifts in the company's operations, potentially impacting its stock performance. However, the impact will largely depend on the company's response and the details of the upcoming Q2 2023 earnings report.
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