The corresponding guidance for the fourth-quarter is net sales of approximately $1.13 billion to $1.17 billion and EPS of $1.00 to $1.06. The company expects a gross margin percentage in the mid-30s and an operating profit margin of slightly more than 13 percent. Interest expense is expected to be approximately $33 million, and the effective tax rate is expected to be in the midteens.The company’s guidance for continuing operations is based on the following facts. Product pricing, shelf space, and promotion plans for the remainder of 2012 have been finalized with major retail accounts. All commodity costs have been fixed for the remainder of the year, with the company incurring significantly lower cotton and other inflation impacts for the remainder of the year.
New-product Innovation Contributed To HanesBrands Sales Growth In The Third Quarter. Hanes' New ComfortBlend Men's Underwear Bottoms And T-shirts Use A Special Cotton-polyester Fiber Blend For A Softer Feel, Less Shrinkage And Quicker Drying. (Photo: Business Wire)
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