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Hanesbrands Inc Raises FY 2013 Guidance And FY 2014 EPS Guidance; Issues Q4 2013 Guidance In Line With Analysts' Estimates


Wednesday, 30 Oct 2013 04:01pm EDT 

Hanesbrands Inc announced that it has increased its fiscal 2013 guidance for the second consecutive quarter, with the entire new EPS range above the high end of the previous range. The Company's new fiscal 2013 guidance anticipates net sales of slightly more than $4.6 billion; adjusted operating profit of $580 million to $590 million; and adjusted EPS of $3.75 to $3.85. The guidance includes performance expectations for Maidenform Brands, which was acquired October 7, 2013, but adjusted operating profit and earnings expectations exclude one-time acquisition-related expenses. The Company is also raising its 2014 adjusted EPS target range to $4.25 to $4.50 excluding actions, up from the low $4 range provided on its second-quarter earnings call. Based on the full-year guidance, expectations for the fourth quarter 2013 are net sales of slightly more than $1.2 billion, adjusted operating profit of $137 million to $147 million, and adjusted EPS of $0.82 to $0.92. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $4.6 billion and EPS of $3.67 for fiscal 2013; EPS of $4.29 for fiscal 2014; and revenue of $1.2 billion and EPS of $0.84 for the fourth quarter of 2013. 

Company Quote

111.68
-2.5 -2.19%
19 Dec 2014