Hanesbrands Inc. (NYSE: HBI) yesterday reported its third consecutive quarter of strong growth with third-quarter 2010 net sales increasing 10.8 percent and diluted earnings per share increasing 47 percent to $0.63, up from $0.43 a year ago.

“We are pleased with delivering continued strong growth in 2010”

Earnings growth in the quarter was propelled by the third consecutive quarter of accelerated sales growth and lower restructuring, which overcame a higher income tax rate. Strong sales growth in the company’s three largest business segments – Innerwear, Outerwear and International – drove a net sales increase of $115 million to $1.17 billion. Net sales in the year-ago quarter were $1.06 billion.

Second-Quarter Net Sales Increased by 9.1% and Earnings Per Share More Than Doubled

Company Raises 2010 Net Sales and EPS Guidance

Hanesbrands Inc. (NYSE: HBI) today raised its 2010 sales and earnings guidance after reporting that second-quarter 2010 net sales increased 9.1 percent and diluted earnings per share increased by $0.55 to $0.87, up from $0.32 a year ago.

“We continued our strong start in 2010”

“The competitiveness of our balanced global supply chain is a key pillar to our growth strategy”

Currency fluctuation is just one of many variables the company continually manages around the world, including commodity costs, labor inflation, trade laws, and product sourcing. Last week, China announced that it would reform its Renminbi exchange rate regime and increase exchange rate fluctuation flexibility.

International Mountaineer Jamie Clarke and Climbing Team Successfully Summit the World’s Highest Peak During Expedition to Test Innovative Champion and Duofold Apparel and Inspire Others to Set Ambitious Goals

Expedition Hanesbrands’ Mount Everest climbing team, led by international mountaineer Jamie Clarke, reached the 29,035-foot summit of the world’s highest peak this morning, celebrating a 30-month endeavor to design and test innovative apparel and inspire others to achieve their own self-defined summits.

“Top of the world, baby, woo hoo!”

“I want to welcome 45,000 Hanesbrands employees to the top of the world,” Clarke radioed to Mount Everest base camp. “Top of the world, baby, woo hoo!”

Business scenario in todays context - niche opportunities, limited time periods, ever increasing risk and the need for precise decision making, which if not done correctly would run the costs in million even before brakes are exercised. That is the speed of business in todays high octane economies which are constantly metamorphosing into global empires of influence.

Hanesbrands’ presentation will be webcast live via the Internet from 4:20 to 5 p.m. The live presentation, and an archived file after the presentation, may be accessed in the investors section of the Hanesbrands corporate Web site, www.hanesbrands.com.

Wyatt and Hanesbrands Senior Vice President of Finance and Treasurer Rick Moss will also participate in the Goldman Sachs Consumer/Retail Leveraged Finance Conference on Tuesday, March 9, 2010, in New York, and at the Barclays Capital 2010 High Yield Bond and Syndicated Loan Conference on March 25, 2010, in Phoenix.

“Hanesbrands is at an inflection point to begin realizing its significant growth potential”

Management will discuss its growth expectations and targets along with sales, marketing and supply-chain initiatives at an investor meeting to be held at 9 a.m. EST today at the Jumeirah Essex House in New York City. The meeting, which will end by noon, will also be webcast on the Internet, accessible at www.hanesbrands.com.

The live Internet broadcast may be accessed from the home page or the investors section of the Hanesbrands corporate Web site, www.hanesbrands.com.