Hanesbrands Inc. provided earnings guidance for the third quarter ending October 1, 2022 and full year ending December 31, 2022. For the quarter, the company expects net sales from continuing operations of approximately $1.73 billion to $1.78 billion, which includes a projected headwind of approximately $58 million from changes in foreign currency exchange rates. At the midpoint, this represents 1% growth over prior year on a constant currency basis, or a 2% decline on a reported basis. GAAP operating profit from continuing operations to range from approximately $129 million to $149 million. GAAP earnings per share from continuing operations to range from approximately $0.20 to $0.25.

For the full year, the company expects Net sales from continuing operations of approximately $6.45 billion to $6.55 billion, which includes a projected headwind of approximately $165 million from changes in foreign currency exchange rates. At the midpoint, this represents an approximate 2% decline as compared to prior year on a constant currency basis and a 4% decline on a reported basis. GAAP operating profit from continuing operations to range from approximately $570 million to $620 million. GAAP earnings per share from continuing operations to range from approximately $0.97 to $1.09.