Hanesbrands Inc. provided earnings guidance for the first quarter ending March 30, 2024 and full year ending December 28, 2024. For the year, the company expects total net sales from continuing operations of approximately $5.35 billion to $5.47 billion, GAAP Operating Profit from continuing operations is approximately $430 million to $450 million and guidance for GAAP EPS from continuing operations is approximately $0.22 to $0.28.

For the quarter, the company expects net sales from continuing operations of approximately $1.13 billion to $1.19 billion, which includes projected headwinds of approximately $20 million from the U.S. Hosiery divestiture and approximately $13 million from changes in foreign currency exchange rates. GAAP operating profit from continuing operations of approximately $45 million to $65 million. GAAP loss per share from continuing operations of $0.14 to $0.08.