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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"Our key retailers experienced a slow start to the back-to-school season but have seen continued momentum build through August," Hanes COO Gerald W. Evans Jr. said. "Our Innovate-to-Elevate platforms, particularly X-Temp comfort cooling underwear, T-shirts and socks, are performing very well, creating value for consumers, retailers and shareholders."
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