HanesBrands Reaffirms 2012 Guidance
HanesBrands (NYSE: HBI) 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