HanesBrands announced that it is reaffirming its 2015 financial guidance in conjunction with its scheduled investor meetings at the Goldman Sachs Global Retailing Conference in New York City.
Hanes reaffirmed all of its full-year 2015 guidance issued July 30, 2015, with second-quarter results. Included in its guidance are expectations for net sales of slightly less than $5.9 billion, adjusted operating profit of approximately $855 million to $875 million, adjusted earnings per diluted share of approximately $1.61 to $1.66, and net cash from operating activities of approximately $550 million. As communicated in July, any potential effect that share repurchases may have on EPS results are not included in the company’s full-year guidance.
“Our guidance reflects solid double-digit growth expectations for sales, profit and EPS over 2014 results,” Hanes Chairman and Chief Executive Officer Richard A. Noll said. “We continue to track to our expectations for the year and the underlying assumptions for our full-year guidance remain in place.”
Hanes began repurchasing company stock in the open market in the third quarter under its previously announced share repurchase program and will report its repurchasing activity when announcing third-quarter results.