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HanesBrands Reaffirms 2015 Guidance in Conjunction with Participation at Goldman Sachs Global Retailing Conference
HanesBrands Reaffirms 2015 Guidance in Conjunction with Participation at Goldman Sachs Global Retailing Conference
September 9, 2015 at 7:00 AM EDT
Hanes Reaffirms Full-Year 2015 Financial Guidance Provided in July with Second-Quarter 2015 Results
Hanes reaffirmed all of its full-year 2015 guidance issued
“Our guidance reflects solid double-digit growth expectations for sales,
profit and EPS over 2014 results,” Hanes Chairman and Chief Executive
Officer
Hanes began repurchasing company stock in the open market in the third quarter under its previously announced share repurchase program and will report its repurchasing activity when announcing third-quarter results.
In addition to meeting with investors today, Noll and company Chief
Financial Officer
Note on Adjusted Measures and Reconciliation to GAAP Measures
Adjusted operating profit and adjusted EPS are not generally accepted accounting principle measures. Adjusted EPS is defined as diluted EPS excluding actions and the tax effect on actions. Adjusted operating profit is defined as operating profit excluding actions.
For 2015 guidance, Hanes estimates pretax charges for acquisition,
integration and other actions to be approximately
On a GAAP basis, full-year 2015 diluted EPS will vary depending on
actual performance, charges and tax rate. GAAP diluted EPS could be in
the range of
Cautionary Statement Concerning Forward-Looking Statements
This press release contains certain “forward-looking statements,” as
defined under U.S. federal securities laws, with respect to our
long-term goals and trends associated with our business, as well as
guidance as to future performance. In particular, among others,
statements concerning full-year 2015 financial guidance are
forward-looking statements. These forward-looking statements are based
on our current intent, beliefs, plans and expectations. Readers are
cautioned not to place any undue reliance on any forward-looking
statements. Forward-looking statements necessarily involve risks and
uncertainties, many of which are outside of our control, that could
cause actual results to differ materially from such statements and from
our historical results and experience. These risks and uncertainties
include such things as: the highly competitive and evolving nature of
the industry in which we compete; the failure of businesses we acquire
to perform to expectations; legal, regulatory, political and economic
risks associated with our operations in international markets, including
the risk of significant fluctuations in foreign exchange rates; the loss
or interruption of services of a member of our senior management team;
the accuracy of the estimates and assumptions on which our financial
statement projections are based; any inadequacy, interruption,
integration failure or security failure with respect to our information
technology; the impact of significant fluctuations and volatility in
various input costs, such as cotton and oil-related materials,
utilities, freight and wages; current economic conditions, including
consumer spending levels and the price elasticity of our products;
unanticipated business disruptions or the loss of one or more suppliers
in our global supply chain; and other risks identified from time to time
in our most recent
View source version on businesswire.com: http://www.businesswire.com/news/home/20150909005386/en/
Source:
HanesBrands
News Media, contact:
Matt Hall, 336-519-3386
or
Analysts
and Investors, contact:
T.C. Robillard, 336-519-2115
Data Provided by Refinitiv. Minimum 15 minutes delayed.