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Description: Hanesbrands Inc. shares plunged as much as 16% after the company reported a review of its business and a slump in sales at a time when everyone’s wearing sweatpants.

Date: Nov 05, 2020

Link: https://www.bloomberg.com/news/articles/2020-11-05/hanes-plummets-as-champion-owner-announces-a-review-of-business

Questions for discussion:

  • What is the financial story at the firm?
  • What do you believes explains the decline in sales?
  • What would you advise management?
  • What would you advise investors?

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