HanesBrands, Inc. reported earnings rose 5.4 in the fourth quarter. Sales grew 4 percent and gained 9 percent on a constant-currency basis excluding PPE and 53rd-week sales in 2020. Sales and EPS were in line with Wall Street targets. Global Champion brand sales increased 10 percent over the prior year and 25 percent over the fourth-quarter 2019. HanesBrands raised its 2024 Full Potential financial targets.
“We are rapidly creating a new HanesBrands, focused on growth and serving our consumers and customers like never before,” said Steve Bratspies, CEO, HanesBrands. “We significantly outperformed our expectations in 2021, driving increased financial projections in our three-year Full Potential growth plan. As we enter 2022, our performance, operational execution and financial foundation are far stronger than they were before the pandemic.”
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