Hanesbrands Inc. (NYSE:HBI) Files An 8-K Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition
release (i) providing preliminary financial results for the first
quarter ended April 1, 2017 and (ii) reaffirming its full-year
earnings, sales and financial guidance for 2017. A copy of the
press release is attached as Exhibit 99.1 to this Current Report
on Form 8-K. Exhibit 99.1 is being furnished and shall not be
deemed filed for purposes of Section 18 of the Securities
Exchange Act of 1934 (the Exchange Act), nor shall Exhibit 99.1
be deemed incorporated by reference in any filing under the
Securities Act of 1933 or the Exchange Act, except as shall be
expressly set forth by specific reference in such filing.
not a generally accepted accounting principle (GAAP) measure.
Adjusted EPS is defined as diluted EPS excluding actions and the
tax effect on actions. The Company has chosen to present adjusted
EPS to investors to enable additional analyses of past, present
and future operating performance and as a supplemental means of
evaluating operations absent the effect of acquisition-related
expenses and other actions. The Company believes adjusted EPS
provides management and investors with valuable supplemental
information for analyzing the operating performance of the
companys ongoing business the period presented without giving
effect to costs associated with the execution and integration of
any of actions taken. Non-GAAP financial measures have
limitations as analytical tools and should not be considered in
isolation or as an alternative to, or substitute for, financial
results prepared in accordance with GAAP. Further, the non-GAAP
measures presented may be different from non-GAAP measures with
similar or identical names presented by other companies.
of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers
Officer, notified the Company of his intention to retire. Mr.
Moss will continue to serve as Chief Financial Officer until the
earlier of December 31, 2017 or such time as a successor has been
named and a successful transition has occurred.
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Exhibit 99.1
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Press Release dated April 12, 2017
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About Hanesbrands Inc. (NYSE:HBI)
Hanesbrands Inc. is a manufacturer and marketer of apparels. The Company operates through four segments: Innerwear, Activewear, Direct to Consumer and International. The Company’s portfolio of brands includes Hanes, Champion, Maidenform, DIM, Playtex, Bali, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Lilyette and Gear for Sports. Its Hanes brand offers various products, including men’s, women’s and children’s underwear, bras, socks, T-shirts, fleece, shape wear and sheer hosiery. Its Champion brand offers athletic apparel, including sports bras, team uniforms, and gym essentials, such as T-shirts, mesh shorts and fleece hoodies. The Activewear segment sells basic branded products that are primarily seasonal in nature under the product categories of branded printwear and retail activewear, as well as licensed logo apparel. The Company also offers underwear, babywear and socks brand, Bonds, and sports bra brand Berlei. Hanesbrands Inc. (NYSE:HBI) Recent Trading Information
Hanesbrands Inc. (NYSE:HBI) closed its last trading session up +0.26 at 21.11 with 3,071,404 shares trading hands.
