HanesBrands Reaffirms 2012 Guidance

HanesBrands

announced today that it is reaffirming its 2012 earnings, sales and financial guidance in conjunction with investor meetings and management presentations at upcoming investor conferences. Hanes has reaffirmed its full-year guidance for continuing operations of $2.50 to $2.60 of earnings per diluted share, net sales of $4.52 billion to $4.57 billion, and free cash flow of $400 million to $500 million. The company's guidance is consistent with preliminary retail performance for the back-to-school selling period and retailer inventory levels. Hanes Chairman and Chief Executive Officer Richard A. Noll will meet with investors and make a presentation today at the Goldman Sachs Global Retailing Conference in New York City. The presentation will