Hanesbrands, Inc. (NYSE:HBI) has announced that the company could double its diluted earnings per share over the next 3-4 years. The announcement was based on its net sales growth expectations for 2010. The company anticipates a net sales growth of 5-8% and earnings per share growth of 25-35% in addition to long term annual growth targets for the year.
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A meeting was held at the Jumeirah Essex House in New York City on February 23, 2010 to discuss the company’s growth expectations and targets. The meeting also discussed the company’s sales, marketing, and supply chain initiatives. Those interested may listen to a replay of the event via webcast on the company’s website, www.hanesbrands.com.
Hanesbrands Inc. is a consumer goods company with a portfolio of apparel brands, including Hanes, Champion, Playtex, Bali, L’eggs, Just My Size, barely there, Wonderbra, Stedman, Outer Banks, Zorba, Rinbros and Duofold. The Company designs, manufactures, sources and sells a range of apparel essentials, such as T-shirts, bras, panties, men’s underwear, kids’ underwear, casualwear, activewear, socks and hosiery. It operates under six segments: innerwear, outerwear, hosiery, direct to consumer, international and other. In October 2009, the Company completed the sale of its yarn operations.
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