HanesBrands announces VRO departure, fourth quarter guidance

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Following news of the resignation of its chief financial officer, effective February 28, HanesBrands Inc. reported on Thursday that fourth-quarter net sales were just above the high end of its forecast range and adjusted operating profit was at the midpoint. He said he expected to be reported. range.

HanesBrands CEO Steve Bratspies said:

The Winston-Salem, N.C.-based company has announced that the organization’s controller and chief accounting officer, Scott Lewis, will temporarily fill Dastugue’s position as chief financial officer. Dastugue, who left the company for personal reasons, will remain as a financial consultant to the business until the second quarter of 2023.

“Our ‘maximum potential’ plan is underway and we have a clear financial strategy that we will continue to implement. This includes plans such as upcoming maturity refinancing and increased cost savings. will be

Haynes Brands said it saw declines in its latest trade update in November as consumer spending slowed in key U.S. markets, U.S. retailers cut inventory levels and some Asian markets proved unreliable. I reported.

The company said net revenues from continuing operations were US$1.67 billion, down 7% year-on-year, including negative foreign exchange impacts of US$59 million. Net sales were down only 3% when measured in constant currency.

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