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.
Kontoor Brands, Inc. reports developments for a lifestyle apparel portfolio built around Wrangler, Lee and Helly Hansen. Company news centers on operating and financial results, regular cash dividends, capital-structure updates and governance matters, as well as product collaborations and capsule collections that extend its denim, outdoor, workwear, footwear and accessory categories.
Updates also cover leadership responsibilities across finance, operations, brand management and investor relations. The company sells through wholesale and direct-to-consumer channels in the United States and international regions, and its news reflects the commercial activity of its Wrangler, Lee and Helly Hansen segments.
Kontoor Brands, Inc. (NYSE:KTB) announced the expansion of its Indigood™ Facility Certification program, aimed at enhancing water conservation in textile manufacturing. This initiative is part of Kontoor's commitment to sustainability, having already saved over 8 billion liters of water since 2019. The program encourages textile mills to adopt innovative water-saving technologies, with the first certified mill located in India. Through this expansion, Kontoor seeks to significantly reduce its carbon footprint and promote sustainable practices in the apparel industry.
Wrangler has unveiled a new collection in collaboration with Adult Swim's 'Rick and Morty,' featuring four original designs. The Wrangler x Rick and Morty Collection launches exclusively on Wrangler.com, coinciding with the Adult Swim Festival on November 12-13, 2021. Following the success of last year's sold-out collection, which garnered various awards, the new items range from $59 to $79. Wrangler is celebrating 75 years in business, hinting at more exciting partnerships in the future.
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Kontoor Brands, Inc. (NYSE: KTB) has declared a quarterly cash dividend of $0.46 per share, representing a 15% increase from the previous amount. The dividend is set to be paid on December 20, 2021, to shareholders recorded by December 10, 2021. This decision highlights the company's commitment to returning value to shareholders while reflecting its strong cash generation and improved operational fundamentals. CEO Scott Baxter emphasized the importance of this increase as a part of the company's long-term strategic growth plans.
Kontoor Brands, Inc. (NYSE: KTB) will release its third quarter 2021 financial results on November 4, 2021, at approximately 6:50 a.m. ET. Following the results announcement, management will host a conference call at 8:30 a.m. ET to discuss the findings. The call will be accessible live via kontoorbrands.com/investors, with an archived version available later.
Lee, the iconic American denim brand, has announced its latest advertising campaign, LeeOriginals, debuting on October 4. The campaign features rising stars, including Quannah Chasinghorse and Levi Dylan, under the creative direction of renowned photographer Mark Seliger. Emphasizing optimism and authenticity, the campaign showcases the unique stories of its cast, celebrating creativity and individuality. The digital-first approach targets key creative neighborhoods in New York City and will be displayed across various streaming and social media platforms.
Kontoor Brands, Inc. (NYSE: KTB) has appointed Tammy Heller as Chief Human Resources Officer, effective September 29, 2021. Heller will oversee key HR functions and drive the company's people strategy as a member of the Executive Leadership Team. She succeeds Scott Shoener, who will retire at the end of December 2021 after over 35 years in the HR field. Heller brings substantial experience from previous roles at Perspecta and Capital One.
Wrangler, a leader in jeanswear, has announced a partnership with Infinited Fiber Company to introduce Infinna™, a regenerated fiber made from textile waste, into its Fall 2021 denim collection. This sustainable line features innovations like Indigood™, which reduces wastewater by over 99%, and e-flow technology for lower environmental impact. This partnership represents a commitment to circularity and sustainability in the apparel industry, with Wrangler focusing on reducing water and chemical use while maintaining product quality.
Wrangler has launched its fall/winter 2021 advertising campaign, “For the Ride of Life,” designed by Emmy-nominated Heidi Bivens. The campaign highlights resilience and optimism, featuring a diverse range of individuals pursuing their passions. It premiered the week of September 13 through commercials on cable and network TV. This initiative aligns with Wrangler's strategic growth and celebrates its 75th anniversary in 2022, merging western heritage with modern consumer trends.
The Board of Directors of Kontoor Brands (NYSE: KTB) has elected Scott Baxter as Board Chair, effective immediately, in addition to his role as CEO. Baxter succeeds Robert Shearer, who will remain on the Board as Lead Independent Director. Baxter, with over 30 years of experience in retail and operations, was appointed CEO in August 2018 following the separation of VF Corporation's Jeanswear division. The Board expresses confidence in Baxter’s leadership as the company focuses on its Horizon Two growth strategy.