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Article Date: March 2020
Word Count: 171

Covid-19 Update: HanesBrands, Dick’s, Big 5, Augusta Sportswear

HanesBrands drew down $630 million from its U.S. revolving credit facility giving it about $1 billion of cash on hand. HBI also withdrew its guidance for the first quarter and full year 2020.


Dick’s Sporting Goods is cutting top execs salaries. CEO Ed Stack and President Lauren Hobart will take no salary beginning Mar. 29, and CFO Lee Belitsky’s pay will be halved. Pay for other senior managers and salaried teammates was also temporarily reduced by graduated amounts, and the board of directors also agreed to ... Log in to view full article.


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