HanesBrands Expects Q3 Net Sales To Reach $1.8 Billion
HanesBrands (PPAI 191138) has announced preliminary third-quarter 2017 financial results, stating that it expects to report third-quarter net sales of approximately $1.8 billion and earnings per share (EPS) of approximately 55 cents, and adjusted EPS of approximately 60 cents. The Winston-Salem, North Carolina-headquartered supplier also expects year-to-date net cash from operations of approximately $330 million.
“We met our goal of returning to organic growth, and we continued to generate strong operating cash flow,” said Hanes Chief Executive Officer Gerald W. Evans, Jr., in a statement. “Our sales and EPS results, driven by stronger-than-expected international growth, are expected to be consistent with our guidance.”
Hanes will update its full-year guidance and release full third-quarter results after the market closes on November 1.