HanesBrands Reports Second-Quarter 2011 Results and Confirms Full-Year 2011 Guidance for Sales and EPS Growth
HanesBrands, Winston-Salem, N.C., reported strong net sales growth and comparable diluted earnings per share in the second quarter of 2011, in line with company expectations.
Diluted EPS for the second quarter was $0.87, the same as a year ago when EPS benefited by $0.20 from a lower income tax rate. Net sales for the second quarter increased nearly 14 percent to $1.23 billion, with sales gains in all business segments and particularly strong growth in the Outerwear and International segments.
Hanes has confirmed its full-year 2011 diluted EPS guidance of $2.70 to $2.90 and net sales guidance of $4.9 billion to $5 billion. The guidance represents EPS growth over 2010 of 25 percent to 34 percent and net sales growth of 14 percent to 16 percent.
- Companies:
- Hanes Printables