American Lingerie Giant Replacing Chief Operating Officer

Over the past three years, it has become a new one through 6 acquisitions.

Giant's American underwear

Hanes brandsInc. (NYSE:HBN) announced that the chairman and CEO RichardA.Noll of the board of directors of the group would retire from the CEO position and retain only the chairmanship, while the group chief operating officer GeraldW.Evans will take the place of the group CEO since October 1, 2016.

Meanwhile, the 57 year old GeraldEvans will join.

The board of directors increased the number of board members to 11.

GeraldEvans, which joined the HanesbrandsInc. in 1983, has been COO since 2013.

GeraldEvans and RichardNoll both served HanesbrandsInc. for 30 years, and helped HanesbrandsInc. separate from SaraLee Corp. in 2006.

Under the leadership of two people, HanesbrandsInc. grew from an annual sales of $4 billion to an annual sales of $6 billion. The annual EPS composite growth rate was 20%, and the value created for shareholders also increased from US $2 billion to US $10 billion.

At the end of last month, benefiting from the new acquisition, HanesbrandsInc. just raised its annual revenue forecast from $5 billion 800 million -59 billion to $6 billion 150 million -62.5 billion; however, the acquisition and financing also had a negative impact on group EPS. HanesbrandsInc. lowered the 2016 fiscal year EPS, which was expected to be US $1.51 US dollars, which was expected to be US $1.63 -1.73 US dollars. We expect 2016 US fiscal year operating profit of US $780 million to US $200 billion, which was expected to be US $835 million US $1 billion.

Excluding the one-time cost of takeover, non-GAAPEPS is expected to be US $1.89 -1.95 US dollars, which is expected to increase compared with the previous US $1.85 -1.91 US dollar, and non-GAAP operating profit is expected to be US $940 million -9.75 billion, which is also up 920 million US $-9.50 billion.