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HanesBrands CFO Resigns, Expects Higher 4Q Sales

HanesBrands Inc. announced that it expects to report fourth-quarter net sales slightly above the top end of its outlook range and adjusted operating profit at the midpoint of the range.

HanesBrands logo
HanesBrands logo

This news comes along with the resignation of the chief financial officer, effective February 28.

CEO Steve Bratspies Comments on Financial Progress

"We are pleased we delivered fourth-quarter net sales and adjusted operating profit that was above or in line with our outlook given the dynamic macro environment, including ending 2022 with inventory units below last year’s level," said Steve Bratspies, CEO HanesBrands. He also added that the company's 'Full Potential' plan is progressing and that they have a clear financial strategy that they will continue to execute.

Interim CFO Named, Dastugue to Serve as Financial Consultant

The Winston-Salem, North Carolina-based company said Scott Lewis, the company’s chief accounting officer, and the controller will become interim chief financial officer until a successor for Dastugue is named. Dastugue, who has departed for family reasons, will continue to serve the company in a financial consultancy position through the second quarter of 2023.