Hanes Brands Change CEO, New Official Must Be "Arson"

Over the past three years, through 6 major acquisitions, the Hanesbrands Inc. (NYSE:HBN), the lingerie manufacturing giant that has not yet become a new underwear giant, announced that the group's board chairman and CEO Richard A. Noll will retire from the CEO position, retaining 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.

It will join the Hanesbrands Inc. board and increase the number of board members to 11.

Gerald Evans, which joined Hanesbrands Inc. in 1983, has been serving as a Evans since 2013.

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Gerald Evans and Richard Noll both served Hanesbrands Inc. for 30 years, and helped Hanesbrands Inc. separate from Sara Lee Corp. in 2006.

Under the leadership of two people, Hanesbrands Inc. grew from an annual sales of $4 billion to an annual sales of $6 billion. The annual compound EPS growth rate of 20% 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, Hanesbrands Inc. just raised its annual revenue forecast from $5 billion 800 million to -59 US $6 billion 150 million to US $-62.5 billion.

And financing also has a negative impact on group EPS. Hanesbrands Inc. downgrades EPS in fiscal year 2016, which is expected to be US $1.51 -1.57 US dollars, which was expected to be US $1.63 US dollars. We expect us $2016 US $780 million in the 2016 fiscal year.

Excluding the one-time cost of takeover, non-GAAP EPS 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 US $-9.75, which is also up 920 million US $-9.50 billion.