HanesBrands Highlights Innovate-to-Elevate Strategy and Use of Free Cash Flow at Investor Day Meeting
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The Innovate-to-Elevate strategy provides the company the opportunity to increase its annual operating margin into the range of 12 percent to 14 percent over time.
Hanes also reaffirmed all of its full-year 2013 guidance issued Feb. 5, 2013, including expectations for net sales of approximately $4.6 billion, operating profit of $500 million to $550 million, EPS of $3.25 to $3.40, and free cash flow of $350 million to $450 million.
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