Welcome to our dedicated page for Kontoor Brands news (Ticker: $KTB), a resource for investors and traders seeking the latest updates and insights on Kontoor Brands stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Kontoor Brands's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Kontoor Brands's position in the market.
Lee® has introduced its first golf collection for men, focusing on innovation and performance-stretch apparel. The Lee Golf Series offers versatile tops and bottoms suitable for both office and golf course wear, featuring motion flex waistbands, shirt gripper technology, and wrinkle-resistant, moisture-wicking fabric. The collection includes pants, shorts, and polos designed for comfort, style, and functionality, available at affordable prices.
Kontoor Brands, Inc. (NYSE: KTB) reported Q1 2024 results with revenue of $631 million, a 5% decrease. Adjusted gross margin increased to 45.7%, EPS was $1.16, and inventory decreased by 24%. The company raised its full-year outlook, expecting revenue of $2.57-$2.63 billion, adjusted gross margin of 44.6%, adjusted EPS of $4.70-$4.80, and cash flow exceeding $335 million.
