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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Hanes' new guidance range for net sales is approximately $5.350 billion to $5.375 billion, up from previous guidance of approximately $5.075 billion. The company increased guidance for adjusted operating profit by $25 million to a range of $735 million to $755 million, up from the previous guidance range of $710 million to $730 million.
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