Hanesbrands Inc. Provides Earnings Guidance for the First Quarter Ending April 2, 2022 and for Fiscal Year Ending December 31, 2022
For the year, the company expected net sales from continuing operations of approximately $7.0 billion to $7.15 billion, which includes a projected headwind of approximately $100 million from changes in foreign currency exchange rates. At the midpoint, this represents approximately 4% growth over prior year on a reported basis and 5.5% growth on a constant currency 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.