Hanesbrands positions itself to accelerate growth in the back-half of 2016.
Despite management’s assurance that Hanesbrands’ sales and profitability were tracking in line with internal expectations and that previous guidance was largely intact, the stock traded down after the company announced its second-quarter performance. We attribute this largely to three concerns. First, the maintained adjusted earnings per share guidance implied a significant acceleration in sales and margin in the back half of the year. Second, even though adjusted operating income guidance was m...Hanesbrands is a marketer of basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia/Pacific under some apparel brands, including Hanes, Champion, Bonds, DIM, Maidenform, Bali, Playtex, Lovable, Bras N Things, Nur Die/Nur Der, Alternative, L'eggs, JMS/Just My Size, Wonderbra, and Gear for Sports. The company's segments are: Innerwear, which includes apparel products, such as men's underwear, women's panties, children's underwear, socks and intimate apparel; Activewear, which includes T-shirts, fleece, performance apparel, sport shirts and thermals; and International, which includes innerwear, activewear, hosiery and home goods products, sold outside of the United States.
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