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Hanesbrands cuts FY23 adjusted EPS view to 12c from 16c-30c, consensus 20c

Cuts FY23 revenue view to $5.7B from $5.8B-$5.9B, consensus $5.85B. The company said, “Net sales from continuing operations of approximately $1.36 billion, which includes a projected headwind of approximately $12 million from changes in foreign currency exchange rates. This represents a decrease of approximately 8% as compared to prior year on a reported basis and approximately 7% on a constant currency basis.”

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