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Hanesbrands Inc (HBI) Q1 2021 Earnings Call Transcript
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HanesBrands sets sights on incremental revenue growth of $1.2 billion by 2024
By Imogen Bailey | 12 May 2021
HanesBrands global headquarters has revealed further elements of its Full Potential Plan and what that means for Australian operations.
The Full Potential Plan s (FPP) overarching aim is to drive approximately $1.2 billion in incremental revenue and operating margins above 14% by 2024.
To do this, the business will focus its efforts on the biggest growth opportunities across Australia, China, Europe and North America.
Moving forward, this means a heightened focus on growing Champion and continuing growth of innerwear sales, especially Bonds in Australia.
The plan calls for Champion to become a $3 billion global brand by 2024, representing a 14% compound annual growth rate (CAGR) from projected 2021 sales of approximately $2 billion.