WINSTON-SALEM, N.C., May 24, 2011 (BUSINESS WIRE) --
HanesBrands (NYSE:HBI) announced today that it will participate this
week at two investor conferences where it will reaffirm its 2011
guidance and review company strategies and growth goals.
Hanes Chairman and Chief Executive Officer Richard A. Noll will speak
today at the Wells Fargo Securities Consumer, Gaming and Lodging
Conference in Las Vegas. On Wednesday, Noll and Interim Chief Financial
Officer Dale W. Boyles will jointly speak with investors at the Citi
2011 Global Consumer Conference in New York City.
Material that will be available to conference participants is summarized
below and may be found in the investors section of the HanesBrands
corporate website (www.HanesBrands.com).
The company has reaffirmed all of its 2011 guidance that was issued with
its first-quarter earnings results in April, including net sales
guidance of $4.9 billion to $5 billion and diluted EPS guidance of $2.70
Hanes has four key growth strategies: 1) using its superior brand
strength to fill distribution voids to further increase leading share
positions in the United States; 2) duplicating its U.S. success
internationally in the Americas and Asia, 3) leveraging its low-cost
global supply chain and overhead to improve margins, and 4) deploying
cash flow to maximize return to shareholders.
In the United States, the company's goal is to leverage its No. 1 share
position in intimate apparel, male underwear, socks and casualwear and
No. 3 position in activewear to gain additional share. Internationally
the company's five-year goal is to reach $1 billion in annual sales by
driving a combination of local brands and global brands: Hanes in
basic apparel; Wonderbra and Playtex in intimate apparel;
and Champion in activewear. Small tuck-in acquisitions, while not
necessary for success, can help the company achieve the higher end of
its long-term sales growth target.
"By successfully executing these strategies, we should continue to have
above-average growth prospects," Noll said. "As we grow sales mid- to
high-single digits and leverage our global supply chain and our
overhead, EPS should grow in the mid-teens for many years to come."
Cautionary Statement Concerning Forward-Looking Statements
Statements in press releases, made at investor conferences, or contained
in certain other written, electronic and oral communications that are
not statements of historical fact are forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934, including those regarding the
company's financial results, the company's long-term goals, and trends
associated with the company's business. These forward-looking
statements, if made, are based on current intent, beliefs, plans and
expectations, and involve risks and uncertainties that could cause
actual future results, performance or developments to differ materially
from those described in or implied by such forward-looking statements.
The company cautions investors not to place undue reliance on any
forward-looking statements and encourages investors to review risk
factors contained in the company's most recent Securities and Exchange
Commission reports, including our annual report on Form 10-K, quarterly
reports on Form 10-Q, and current reports on Form 8-K, registration
statements, press releases and other communications. The company
undertakes no obligation to update or revise forward-looking statements
to reflect changed assumptions, the occurrence of unanticipated events
or changes to future operating results over time.
HanesBrands (NYSE:HBI) is a socially responsible leading marketer of
everyday basic apparel under some of the world's strongest apparel
brands, including Hanes, Champion, Playtex, Bali,
JMS/Just My Size, barely there, Wonderbra and Gear
For Sports. The company sells T-shirts, bras, panties, men's
underwear, children's underwear, socks, hosiery, casualwear and
activewear produced in the company's low-cost global supply chain.
HanesBrands has approximately 55,000 employees in more than 25 countries
and takes pride in its strong reputation for ethical business practices.
More information about the company and its corporate social
responsibility initiatives, including environmental, social compliance
and community improvement achievements, may be found on the Hanes
corporate website at www.HanesBrands.com.
Matt Hall, 336-519-3386
Analysts and Investors
Charlie Stack, 336-519-4710