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HanesBrands reaffirms outlook for FY15

By Prachi Singh

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Ahead of its investor meetings and investor conference webcast today at the Goldman Sachs Global Retailing Conference in New York, HanesBrands has reaffirmed its 2015 financial guidance issued on July 30, 2015, with second-quarter results.

The company expects net sales to be slightly less than 5.9 billion dollars, adjusted operating profit of approximately 855 million dollars to 875 million dollars and adjusted earnings per diluted share of approximately 1.61 dollars to 1.66 dollars.

“Our guidance reflects solid double-digit growth expectations for sales, profit and EPS over 2014 results,” Hanes Chairman and Chief Executive Officer Richard A. Noll said, adding, “We continue to track to our expectations for the year and the underlying assumptions for our full-year guidance remain in place.”

Hanes began repurchasing company stock in the open market in the third quarter and will report its repurchasing activity when announcing third-quarter results. As communicated in July, any potential effect that share repurchases may have on EPS results is not included in the company’s full-year guidance.

HanesBrands