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Why Jim Cramer Is Watching Hanesbrands

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HanesBrands  (HBI) - Get Hanesbrands Inc. Report posted earnings on Feb. 9. 

The company noted that it recorded "$28 million in revenue from personal protective garments (PPE) globally in the fourth quarter."

However, the company noted that it "no longer views PPE as a long-term growth opportunity" which means that it's is phasing out the production of PPE. 

“I’m extremely proud of the HanesBrands team for all it accomplished in 2020 under very challenging conditions, and I thank our global associates for their hard work and dedication,” said HanesBrands CEO Steve Bratspies. “We delivered solid sales growth in the fourth quarter, with continued revenue momentum in our largest businesses and strong market share performance in our Innerwear and Activewear segments.”

Jim Cramer weighs in on Hanes in the video above. 

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