UPDATE 1-Hanesbrands sees 2010 EPS growth of 25 pct to 35 pct

* Sees 2010 revenue growth between 5 pct and 8 pct

* Says could double earnings over next 3-4 years

Feb 23 (BestGrowthStock) – Hanesbrands Inc (HBI.N: ) said on Tuesday
it expects earnings to grow 25 percent to 35 percent this year
as demand for its products grow and the company cuts costs.

Hanesbrands also said it could double earnings over the
next three to four years, based on its growth outlook for 2010.

“Hanesbrands is at an inflection point to begin realizing
its significant growth potential,” Chief Executive Richard Noll
said in a statement.

The company, whose brands include Hanes, Champion, Playtex
and Wonderbra, expects sales to grow 5 percent to 8 percent in
2010.

Sales growth estimates are based on significant shelf-space
and distribution gains and a potential rebound in consumer
spending, Hanesbrands said.

For 2011 and beyond, the company said it targets annual net
sales growth between 2 percent and 4 percent, while its profit
growth target is between 10 percent and 20 percent.

Shares of the Winston-Salem, North Carolina-based company
closed at $24.57 Monday on the New York Stock Exchange.
(Reporting by Nivedita Bhattacharjee in Bangalore; Editing by
Anne Pallivathuckal)

UPDATE 1-Hanesbrands sees 2010 EPS growth of 25 pct to 35 pct