Question 2: "Hanes Brand" Forecasting question.

"Hanes Brand reported that the Company raised its 2024 Full Potential financial targets as a result of increased consumer demand for its brands globally, the traction of its Full Potential growth strategy and the proven ability of the global team to execute and consistently deliver results, particularly in one of the most challenging macro environments in decades"

https://ir.hanesbrands.com/news-releases/news-release-details/hanesbrands-announces-strong-fourth-quarter-and-full-year-2021

2024 Financial Targets:

• Approximately $8 billion of sales, an increase from the prior goal of approximately $7.4 billion
• Approximately $3.2 billion of global Champion brand sales, an increase from the prior goal of approximately $3.0 billion
• Approximately $1.15 billion of adjusted operating profit, an increase from the prior goal of approximately $1.05 billion

Using simple linear regression: answer questions below.

Is it possible for Hanes Brand to reach 8 billion of sales in 2024? What are projected revenues for 2022,2023 and 2024.

(Please show your work in Excel). Assumption: Other factors remain constant.

Year	Hanes Brand Revenue (billions)
2024	?
2023	?
2022	?
2021	6.801
2020	6.664
2019	6.967
2018	6.804
2017	6.471
2016	6.028
2015	5.732
2014	5.325
2013	4.628
2012	4.526
2011	4.434
2010	4.146