Hanesbrands Inc. Provides Earnings Guidance for the Third Quarter Ended October 2, 2021 and Fourth Quarter Ended January 1, 2022
August 05, 2021 at 06:06 am
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Hanesbrands Inc. provided earnings guidance for the third quarter ended October 2, 2021 and fourth quarter ended January 1, 2022. For the third quarter, the company expects net sales from continuing operations of approximately $1.78 billion to $1.81 billion, which represents approximately 6% growth over prior year at the midpoint, GAAP operating profit from continuing operations to range from approximately $216 million to $226 million and GAAP earnings per share from continuing operations to range from $0.42 to $0.45.
For the fourth quarter, the company expects net sales from continuing operations of approximately $1.71 billion to $1.78 billion, which represents approximately 3% growth over prior year at the midpoint, GAAP operating profit from continuing operations to range from approximately $172 million to $192 million and GAAP earnings per share from continuing operations to range from $0.29 to $0.34.
Hanesbrands Inc. designs, manufactures, sources, and sells a range of innerwear apparel, such as t-shirts, bras, panties, shapewear, underwear, and socks, as well as activewear products. It offers everyday apparel in the Americas, Australia, Europe, and Asia under apparel brands, including Hanes, Champion, Bonds, Bali, Maidenform, Bras N Things, Playtex, Wonderbra, Gear for Sports, Berlei, Comfortwash, Alternative and JMS/Just My Size. Its segments include Innerwear, Activewear, and International. Its Innerwear segment includes core apparel products, such as menâs underwear, womenâs panties, childrenâs underwear, socks, and intimate apparel which includes bras and shapewear. Its Activewear segment includes activewear products, such as T-shirts, fleece, performance apparel, sport shirts and thermals. It also sells licensed logo apparel primarily in the mass retail channel and in collegiate bookstores. Its International segment includes innerwear, activewear and home goods products.
HANESBRANDS INC. 
