Hanesbrands Inc. provided earnings guidance for the second quarter ending July 2, 2022 and full year ending December 31, 2022. For the quarter, the company expects net sales from continuing operations of approximately $1.68 billion to $1.73 billion, which includes a projected headwind of approximately $40 million from changes in foreign currency exchange rates. At the midpoint, this represents net sales consistent with prior year on a constant currency basis, or down 3% on a reported basis. GAAP operating profit from continuing operations to range from approximately $155 million to $175 million. GAAP earnings per share from continuing operations to range from approximately $0.28 to $0.32.

For the full year, the company expects net sales from continuing operations of approximately $7.0 billion to $7.15 billion, which includes a projected headwind of approximately $125 million from changes in foreign currency exchange rates. At the midpoint, this represents approximately 6% growth over prior year on a constant currency basis and 4% growth on a reported basis. GAAP operating profit from continuing operations to range from approximately $780 million to $850 million. GAAP earnings per share from continuing operations to range from approximately $1.50 to $1.67.