Executive Summary

• Sales at Champion and International rose 30% and 11%, respectively, offset by a 7% drop in sales of Innerwear, netting in a 2.7% 3Q sales gain; adjusted EPS declined 8.3% to $0.55.
• Consumer-Directed Channels grew sales 15% and represented 21%of total company sales in 3Q, or $388 million.
• HanesBrands updated and narrowed 2018 guidance. Projected net sales are $6,735–$6,775 million, versus $6,471 million in 2017; adjusted operating profit is$940–$955 million and adjusted EPS is$1.60–$1.73, which includes the $0.05 adverse effect of the Sears bankruptcy and $15 million in lost sales to Sears.