Hanesbrands Inc. Provides Earnings Guidance for the Third Quarter Ending October 1, 2022 and Full Year Ending December 31, 2022
For the full year, the company expects Net sales from continuing operations of approximately $6.45 billion to $6.55 billion, which includes a projected headwind of approximately $165 million from changes in foreign currency exchange rates. At the midpoint, this represents an approximate 2% decline as compared to prior year on a constant currency basis and a 4% decline on a reported basis. GAAP operating profit from continuing operations to range from approximately $570 million to $620 million. GAAP earnings per share from continuing operations to range from approximately $0.97 to $1.09.