HanesBrands Reports Third-Quarter 2012 Results
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For 2012 full-year guidance, the company increased the low end of its EPS range by 4 cents to $2.54 to $2.60. It expects net sales of approximately $4.52 billion and free cash flow of approximately $500 million, the high end of its previous range.
"We are executing well and had a very good quarter as reflected in our operating margin, free cash flow and EPS, all of which are all-time quarterly records," Hanes chairman and chief executive officer Richard A. Noll said. "Cotton inflation is behind us, and we are generating momentum for continued growth."
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