HanesBrands
1000 East Hanes Mill Road
(336) 519-8080
news release
FOR IMMEDIATE RELEASE
News Media, contact:
Matt Hall, (336) 519-3386
Analysts and Investors, contact:
Charlie Stack, (336) 519-4710
HANESBRANDS REAFFIRMS 2012 GUIDANCE IN CONJUNCTION WITH
PRESENTATION AT TELSEY ADVISORY GROUP CONSUMER CONFERENCE
WINSTON-SALEM, N.C. (Oct. 3, 2012) – HanesBrands (NYSE:HBI) announced today that
it is reaffirming its 2012 earnings, sales and financial guidance in conjunction
with investor meetings and a management presentation today at the Telsey
Advisory Group’s 3rd Annual Fall Consumer Conference in Las Vegas.
Hanes has reaffirmed its full-year guidance based on consumer and retail market
trends through mid- to late September, including the primary back-to-school
selling period. The company expects 2012 earnings per diluted share for
continuing operations of $2.50 to $2.60, net sales of $4.52 billion to $4.57
billion, and free cash flow of $400 million to $500 million.
Hanes’ current 2012 investor slide presentation, which summarizes historical
financial performance and strategies for brand building, product innovation,
supply chain and cash flow, is available for review or download in the investors
section of the Hanes corporate website,
www.HanesBrands.com.
Hanes Chairman and Chief Executive Officer Richard A. Noll will meet with
investors today at the Telsey conference and will make a presentation from 1:55
to 2:40 p.m. EDT (10:55 to 11:40 a.m. PDT). The live webcast of the
presentation, including accompanying slides, may be accessed via the Hanes
corporate website. Access to archived audio and slide files will be available
via links in the investors section of the Hanes corporate website for 90 days
after the presentation.
Cautionary Statement Concerning Forward-Looking Statements
Statements in press releases, made at investor conferences, or contained in
certain other written, electronic and oral communications that are not
statements of historical fact are forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, including those regarding the company’s financial results,
the company’s long-term goals, and trends associated with the company’s
business. These forward-looking statements, if made, are based on current
intent, beliefs, plans and expectations, and involve risks and uncertainties
that could cause actual future results, performance or developments to differ
materially from those described in or implied by such forward-looking
statements. The company cautions investors not to place undue reliance on any
forward-looking statements and encourages investors to review risk factors
contained in the company’s most recent Securities and Exchange
Commission reports, including our annual report on Form 10-K, quarterly reports
on Form 10-Q, current reports on Form 8-K, registration statements, press
releases and other communications, as well as in the investors section of our
corporate website at
http://tiny.cc/HanesBrandsIR. The company undertakes no obligation to update
or revise forward-looking statements to reflect changed assumptions, the
occurrence of unanticipated events or changes to future operating results over
time.
HanesBrands
HanesBrands is a socially responsible leading marketer of everyday basic apparel
under some of the world’s strongest apparel brands, including
Hanes,
Champion,
Playtex, Bali,
JMS/Just My Size,
barely there, Wonderbra and
Gear for Sports. The company sells
T-shirts, bras, panties, men’s underwear, children’s underwear, socks, hosiery,
casualwear and activewear produced in the company’s low-cost global supply
chain. Ranked No. 512 on the Fortune 1000 list, Hanes has approximately 53,300
employees in more than 25 countries and takes pride in its strong reputation for
ethical business practices. Hanes is a U.S. Environmental Protection Agency
Energy Star 2012 Sustained Excellence Award winner and 2010 and 2011 Partner of
the Year. The company ranks No. 152 on Newsweek magazine’s list of Top 500
greenest U.S. companies. More information about the company and its corporate
social responsibility initiatives, including environmental, social compliance
and community improvement achievements, may be found on the Hanes corporate
website at
www.hanesbrands.com.
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