HanesBrands Completes Acquisition of DBApparel and Increases Full-year Earnings Guidance
Reflecting the DBA acquisition, company increases 2014 financial guidance, including raising adjusted EPS expectations by $0.20 to a range of $5.40 to $5.60.
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2014 Guidance Increased
Hanes has raised its full-year earnings guidance twice previously in 2014 despite the continuation of a generally muted consumer environment. Most recently, the company raised EPS guidance in conjunction with reporting second-quarter financial results on July 23, 2014, to reflect the margin-enhancing benefits of Hanes' Innovate-to-Elevate strategy and strong efficiency performance of its self-owned global supply chain. Recent results remain consistent with those expectations.
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