Hanesbrands discloses ransomware attack

• Hanesbrands (NYSE:HBI) has disclosed a ransomware attack.
• The company identified the attack on May 24 and activated its business continuity plans accordingly. An internal assessment of the impact of the attack is ongoing.
• Hanesbrands has also notified law enforcement officials accordingly and is cooperating with the investigation. The material impact of this attack on its operations and business remains unclear.
• Earlier this month, HBI stock dropped after Stifel lowered target amid FX, supply chain headwinds