Hanesbrands (HBI) 8-K Hanesbrands Reaffirms 2012 Guidance In Conjunction with Presentation at Goldman Sachs Global Retailing Conference

Exhibit 99.2

Hanesbrands Inc.

Supplemental Information Regarding the Condensed Consolidated Statement of Income (Loss)

(Amounts in thousands, except per-share amounts)

(Unaudited)

	2011																					2012
	First Quarter Ended April 2, 2011			Second Quarter Ended July 2, 2011			Second Quarter Year to Date July 2, 2011			Third Quarter Ended October 1, 2011			Third Quarter Year to Date October 1, 2011			Fourth Quarter Ended December 31, 2011			Year Ended December 31, 2011			First Quarter Ended March 31, 2012
Net sales	$	980,050		$	1,167,986		$	2,148,036		$	1,185,304		$	3,333,340		$	1,100,951		$	4,434,291		$	973,133
Cost of sales		639,092			757,962			1,397,054			771,251			2,168,305			772,778			2,941,083			718,019
Gross profit		340,958			410,024			750,982			414,053			1,165,035			328,173			1,493,208			255,114
As a % of net sales		34.8	%		35.1	%		35.0	%		34.9	%		35.0	%		29.8	%		33.7	%		26.2	%
Selling, general and administrative expenses		248,866			274,202			523,068			269,109			792,177			253,904			1,046,081			244,469
As a % of net sales		25.4	%		23.5	%		24.4	%		22.7	%		23.8	%		23.1	%		23.6	%		25.1	%
Operating profit		92,092			135,822			227,914			144,944			372,858			74,269			447,127			10,645
As a % of net sales		9.4	%		11.6	%		10.6	%		12.2	%		11.2	%		6.7	%		10.1	%		1.1	%
Other expenses		601			814			1,415			880			2,295			4,082			6,377			645
Interest expense, net		41,101			39,127			80,228			38,255			118,483			37,715			156,198			36,995
Income (loss) from continuing operations before income tax expense (benefit)		50,390			95,881			146,271			105,809			252,080			32,472			284,552			(26,995	)
Income tax expense (benefit)		9,423			18,121			27,544			20,739			48,283			(6,300	)		41,983			(2,724	)
Effective tax rate		19	%		19	%		19	%		20	%		19	%		-19	%		15	%		10	%
Income (loss) from continuing operations		40,967			77,760			118,727			85,070			203,797			38,772			242,569			(24,271	)
Income (loss) from discontinued operations, net of tax		7,142			9,022			16,164			5,762			21,926			2,193			24,119			(2,559	)
Net income (loss)	$	48,109		$	86,782		$	134,891		$	90,832		$	225,723		$	40,965		$	266,688		$	(26,830	)
Earnings (loss) per share - basic:
Continuing operations	$	0.42		$	0.80		$	1.22		$	0.87		$	2.09		$	0.39		$	2.48		$	(0.25	)
Discontinued operations		0.07			0.09			0.17			0.06			0.22			0.02			0.25			(0.03	)
Net income (loss)	$	0.49		$	0.89		$	1.39		$	0.93		$	2.31		$	0.42		$	2.73		$	(0.27	)
Earnings (loss) per share - diluted:
Continuing operations	$	0.42		$	0.78		$	1.20		$	0.85		$	2.05		$	0.39		$	2.44		$	(0.25	)
Discontinued operations		0.07			0.09			0.16			0.06			0.22			0.02			0.24			(0.03	)
Net income (loss)	$	0.49		$	0.87		$	1.36		$	0.91		$	2.28		$	0.41		$	2.69		$	(0.27	)
Weighted average shares outstanding:
Basic		97,194			97,537			97,366			97,925			97,559			98,157			97,710			98,533
Diluted		98,589			99,224			98,927			99,535			99,200			99,375			99,251			98,533

In May 2012, the Company sold its European imagewear business, and the Company is completing the discontinuation of its private-label and Outer Banks domestic imagewear operations serving wholesalers that sell to the screen-print industry. As a result of these actions, the current year and prior-year disclosures reflect these operations as discontinued operations. This information is solely for illustrative purposes and the information regarding income that we previously reported in our SEC filings remains accurate. For more information about our income as reported for periods prior to the second quarter of 2012, please refer to our periodic reports for those periods.

Hanesbrands Inc.

Supplemental Information Regarding Sales and Operating Profit by Segment

(Amounts in thousands)

(Unaudited)

	2011																					2012
	First Quarter Ended April 2, 2011			Second Quarter Ended July 2, 2011			Second Quarter Year to Date July 2, 2011			Third Quarter Ended October 1, 2011			Third Quarter Year to Date October 1, 2011			Fourth Quarter Ended December 31, 2011			Year Ended December 31, 2011			First Quarter Ended March 31, 2012
Net sales:
Innerwear	$	502,683		$	650,697		$	1,153,380		$	558,422		$	1,711,802		$	549,364		$	2,261,166		$	509,038
Outerwear		286,305			291,788			578,093			392,683			970,776			318,537			1,289,313			272,564
Direct to Consumer		82,798			97,456			180,254			97,565			277,819			97,621			375,440			84,713
International		108,264			128,045			236,309			136,634			372,943			135,429			508,372			106,818
Total net sales	$	980,050		$	1,167,986		$	2,148,036		$	1,185,304		$	3,333,340		$	1,100,951		$	4,434,291		$	973,133
Segment operating profit (loss):
Innerwear	$	74,765		$	102,837		$	177,602		$	88,372		$	265,974		$	70,719		$	336,693		$	51,642
Outerwear		18,632			27,254			45,886			48,379			94,265			10,792			105,057			(21,244	)
Direct to Consumer		327			9,360			9,687			12,268			21,955			7,267			29,222			1,082
International		16,754			11,724			28,478			14,797			43,275			10,679			53,954			4,696
Total segment operating profit		110,478			151,175			261,653			163,816			425,469			99,457			524,926			36,176
Items not included in segment operating profit:
General corporate expenses		(15,201	)		(12,171	)		(27,372	)		(15,680	)		(43,052	)		(21,930	)		(64,982	)		(22,104	)
Amortization of trademarks and other identifiable intangibles		(3,185	)		(3,182	)		(6,367	)		(3,192	)		(9,559	)		(3,258	)		(12,817	)		(3,427	)
Total operating profit		92,092			135,822			227,914			144,944			372,858			74,269			447,127			10,645
Other expenses		(601	)		(814	)		(1,415	)		(880	)		(2,295	)		(4,082	)		(6,377	)		(645	)
Interest expense, net		(41,101	)		(39,127	)		(80,228	)		(38,255	)		(118,483	)		(37,715	)		(156,198	)		(36,995	)
Income (loss) from continuing operations before income tax expense	$	50,390		$	95,881		$	146,271		$	105,809		$	252,080		$	32,472		$	284,552		$	(26,995	)

As a result of the reduced size of sheer hosiery and changing trends, we decided in the first quarter of 2012 to change our external segment reporting to include hosiery operations within the Innerwear segment. Hosiery had previously been reported as a separate segment. Prior-year segment sales and operating profit results, including other minor allocation changes, have been revised to conform to the current-year presentation. In addition, in May 2012, HanesBrands sold its European imagewear business, and the Company is completing the discontinuation of its private label and Outer Banks domestic imagewear operations serving wholesalers that sell to the screen-print industry. As a result, the current year and prior-year segment disclosures do not reflect the sales and operating profit results of these discontinued businesses. This information is solely for illustrative purposes and the information regarding segment sales and operating profit that we previously reported in our SEC filings remains accurate. For more information about our segments as reported for periods prior to the second quarter of 2012, please refer to our periodic reports for those periods.

Discontinued Operations FAQ

Q: Was there a choice as to the accounting treatment of the sale of European Imagewear, private-label Imagewear and Outer Banks businesses as discontinued operations?

A: No. Generally Accepted Accounting Principles (GAAP) dictates the accounting treatment of these actions. In addition, we are required to provide revised historical results in future 10-K and 10-Q filings for comparative purposes.

Q: For 2012, what was the expected impact from discontinued operations on sales, profits and free cash flow?

A: In February, inherent in our initial guidance was that discontinued operations were expected to generate full year 2012 sales of about $190 million, an operating profit loss less than $1 million, and about $15 million of cash flow from operations.

Q: Were you expecting back-half profits from the discontinued operations that you will no longer have?

A: Yes. While the businesses were expected to lose less than $1 million for the full-year, they were expected to lose money in the first half when cotton costs were high and contribute to profits in the second half as costs come down.

Q: Should we see 2012 margins change when excluding discontinued operations?

A: Yes. Annual operating margins should increase by approximately 40 basis points due to the exit from discontinued operations.

Q: Is the promotional sector of Branded Printwear included in discontinued operations?

A: No. While we are pulling back from this sector, these results are still included in ongoing operations.

Q: How much did the removal of discontinued operations help gross margins in the first half of the year?

A: Gross margins in the first quarter benefited by 100 basis points. For the second quarter, as we initiated specific actions to exit those businesses, the operating results were negatively impacted, and therefore we cannot quantify the potential gross margin impact.

Q: What are sales now expected to be in the Branded Printwear sector?

A: Branded Printwear sales for 2012 are now expected to be between $180 million - $190 million dollars, and could decline to around $150 million in 2013 as we overlap the reduction in the promotional sector.

Q: What were the components of the profits and losses associated with discontinued operations?

A: In the second quarter, the sale of European Imagewear resulted in a pre-tax loss of roughly $32 million and the Company-incurred pretax charges, substantially all noncash, for the write-down of intangibles, inventory markdowns and other negative operating impacts from winding down those operations totaling about $58 million. In addition, operating losses from the discontinued operations are included. More specifics will be provided in the second quarter 10-Q.

Q: Were the charges associated with the supply chain adjustments attributable to discontinued operations?

A: No. Per GAAP guidelines, only costs directly related to the affected businesses can be included in discontinued operations. Approximately $16 million of supply chain restructuring charges are still included in continuing operations for 2012.

Q: What was the forecast for discontinued operations in the second quarter of 2012?

A: We will not be providing guidance for discontinued operations going forward. The majority of costs associated with exiting those operations have been recognized, with minimal activity expected in the second half of the year.

Q: How is the supplemental information regarding the condensed consolidated statement of income prepared?

A: In accordance with GAAP rules, the same methodology is used and only items directly attributable to the discontinued operations may be used. This is true for historical revisions as well as any future activity within the discontinued operations.

Q: Is the balance sheet or cash flow statement revised?

A: No, they are not required to be revised.

Q: When calculating historical Days Sales Outstanding (DSO) or inventory turn metrics, will they change by removing discontinued operations?

A: Yes. We would advise using the as-reported financials as a better indication of asset productivity. For example, calculating DSO at the end of the second quarter for all sales would be 43, but using only continuing operations would be 45, a difference of 2 days.

Updated September 5, 2012

Q: Per the second quarter 2012 10-Q, why was there such a large gross profit loss on the discontinued operations?

A: The $25 million gross profit loss was primarily attributable to inventory markdown and returns of Outer Banks product, which was slightly over $20 million. The balance of the gross profit loss was attributable to the actual loss related to sales generated by the discontinued operations. As stated above, removing the discontinued operations benefited the gross margins of ongoing operations by roughly 100 basis points.

Q: Were other excess costs related to ongoing operations recognized in discontinued operations?

A: No. Generally Accepted Accounting Principles (GAAP) dictate only costs directly related to the affected businesses can be included in discontinued operations.

Q: What is the impact of discontinued operations on free cash flow?

A: The costs associated with discontinued operations were substantially non-cash. When initial guidance was provided in February, what would become discontinued operations were expected to contribute about $15 million of operating cash flow.

Q: Did discontinued operations have any impact on the allowance for doubtful accounts?

A: No. As we entered the recession at the end of 2008, Hanesbrands had two customers enter into bankruptcy. In a press release dated October 24, 2008, the company indicated it would take pre-tax charges of $5.5 million related to the Mervyn’s bankruptcy. This reserve, in addition to reserves established for smaller accounts, was established within the allowance for doubtful accounts. As bankruptcy proceedings have neared completion, we have trued up the reserves related to these bankruptcies and as the economic environment has improved, Hanesbrands’ has experienced fewer customer bankruptcies resulting in a lower level of reserves.

Q: Do discontinued operations have any impact on the company’s compliance with debt covenants?

A: The discontinued operations had a minimal impact on covenant compliance. As actions associated with these operations were substantially non-cash, these costs are added back to EBITDA for covenant calculation purposes. In a press release dated July 17, 2012, Hanesbrands announced an amendment to its revolving loan facility resulting in a 100 basis point reduction in the borrowing rate with no changes in covenant requirements. The company remains in good standing with ample covenant cushion under the current debt agreements.

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This document includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not relate solely to historical or current facts, and can generally be identified by the use of words such as “will,” “anticipate,” “estimate,” “expect,” “should,” and “may” or similar expressions. Forward-looking statements inherently involve many risks and uncertainties that could cause actual results to differ materially from those projected in these statements. The following include some but not all of the factors that could cause actual results or events to differ materially from those anticipated: current economic conditions, including consumer spending levels and the price elasticity of our products; the loss of or material reduction in sales to any of our top customers; our ability to keep pace with evolving consumer preferences and trends; the impact of significant fluctuations and volatility in various input costs, such as cotton; our ability to remain competitive in the areas of price, quality, brand recognition and research and product development; and our debt and debt service requirements that restrict our operating and financial flexibility and impose interest and financing costs. For additional information concerning factors that could cause actual results to materially differ from those projected herein, please refer to our most recent Form 10-K, 10-Q and 8-K reports filed with the SEC, as well as the investors section of our corporate website athttp://tiny.cc/HanesBrandsIR. Except as required by law, we undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.