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Kontoor Brands Inc - KTB STOCK NEWS

Welcome to our dedicated news page for Kontoor Brands (Ticker: KTB), a resource for investors and traders seeking the latest updates and insights on Kontoor Brands.

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.

News
Lee Announces Global Collaboration With Legendary Artist Jean-Michel Basquiat
Rhea-AI Summary
Lee® announces the global launch of a collection featuring the work of artist Jean-Michel Basquiat, blending legendary denim and groundbreaking art in unique styles for men and women. The collection includes men’s and women’s jackets, bottoms, tops, tees, sweaters, and sweatshirts, with highlights such as the Striped Blazer and Pant, Laser-Printed Denim, and Denim Rider Jacket.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.59%
Tags
none
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News
Yellow Rose by Kendra Scott Collaborates with Wrangler® on Limited-Edition Jewelry and Apparel Collection
Rhea-AI Summary
Kendra Scott and Wrangler have announced a collaboration to launch a limited-edition collection featuring jewelry and apparel that celebrates ranch culture and the spirit of the American West. The collaboration includes turquoise embellishments and embroidered rose motifs and aims to bring the iconic look and feel of Wrangler to Yellow Rose by Kendra Scott. 20% of the purchase price of a specific bracelet will be donated to the National FFA Organization, and Wrangler is also donating $10,000 to support scholarships in connection with this collaboration.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.63%
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none
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News
Kontoor Brands Announces $300 Million Share Repurchase Program
Rhea-AI Summary
Kontoor Brands, Inc. (NYSE: KTB) has announced a $300 million share repurchase program, replacing the existing program. The company aims to enhance capital allocation optionality and deliver superior Total Shareholder Return over time. The program does not have an expiration date and will be funded through cash flow generated from operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.54%
Tags
buyback
News
Kontoor Brands Foundation Awards its 2023 Grants to Seven Leading Non-Profits Advancing Food and Housing Security in Greensboro, North Carolina
Rhea-AI Summary
Kontoor Brands Foundation (KTB) Announces Grants to Seven Nonprofit Organizations in Greensboro, NC Addressing Food and Housing Security. The 2023 recipients were chosen for their innovative efforts to provide lifelong education opportunities and care for local community members. Kontoor Brands Foundation aims to fund qualifying nonprofit organizations working in the areas of food and housing security and improving access to education in the greater Greensboro community.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.07%
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none
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News
Love of Whiskey and Denim Inspires Exclusive Capsule Collection From Wrangler® and Buffalo Trace
Rhea-AI Summary
Wrangler (WRC) Announces Limited Clothing Line Collaboration with Buffalo Trace Bourbon, Featuring Distinctive Designs and Premium Quality. The press release highlights the partnership between Wrangler and Buffalo Trace Bourbon to create a limited line of clothing that embodies the shared values of craftsmanship, heritage, and authenticity. The collection includes jackets, pullovers, shirts, tees, and aprons inspired by the outdoor lifestyle and textile needs of bourbon-makers. The collaboration showcases a modern and versatile range for men and women, with premium design elements, color palettes, and denim washes that emulate an oak-aged look and feel. The partnership aims to capture a modern consumer with style-forward functionality, combining Wrangler's timeless quality with Buffalo Trace's legacy of innovation and craftsmanship.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.54%
Tags
none
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News
Kontoor Brands Reports 2023 Third Quarter Results; Updates 2023 Outlook
Rhea-AI Summary
Kontoor Brands, Inc. reported Q3'23 revenue of $655 million, an 8% increase compared to Q3'22. Gross margin decreased to 41.5% due to duty expense and proactive inventory management. Q3'23 EPS was $1.05, including a $0.17 charge from duty expense. Full year 2023 outlook includes a 1% revenue increase, adjusted gross margin of 42.5%, and adjusted EPS of $4.35.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.8%
Tags
earnings
News
Kontoor Brands Declares Quarterly Dividend of $0.50 Per Share, a 4 Percent Increase
Rhea-AI Summary
Kontoor Brands, Inc. announces an increase in its regular quarterly cash dividend of $0.50 per share, representing a 4 percent increase. The dividend will be payable on December 18, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.14%
Tags
dividends
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News
Wrangler® Bottles New Fragrance in Collaboration with Tru Western
Rhea-AI Summary
Wrangler and Tru Western launch new line of cologne and perfume
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.24%
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none
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News
Kontoor Brands Announces Third Quarter 2023 Earnings and Conference Call Date
Rhea-AI Summary
Kontoor Brands, Inc. plans to release its Q3 2023 financial results on November 2, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.36%
Tags
earnings
News
Kontoor Brands Surpasses 10 Billion Liter Water Savings Goal Two Years Ahead of Schedule, Thanks to Indigood® Program
Rhea-AI Summary
Kontoor Brands surpasses 2025 water savings goal of saving over 10 billion liters of freshwater since 2008 through its Indigood Program, which reduced freshwater consumption in the dyeing process by up to 90%. The company has partnered with more than 30 mills globally and its Torreon plant in Mexico uses zero fresh water in its laundry process, saving 250 million liters of water annually. Kontoor's commitment to sustainability and water conservation is a positive for the company's image and may attract environmentally conscious investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.56%
Tags
none
Stock KTB logo
Kontoor Brands Inc

NYSE:KTB

KTB Rankings

#1476 Ranked by Market Cap
#646 Ranked by Stock Gains
#991 Ranked by Dividends

KTB Stock Data

3.01B
54.72M
1.83%
93.94%
8.35%
Hosiery and Sock Mills
Manufacturing
Link
US
Greensboro

About KTB

kontoor brands (nyse: ktb) is a global lifestyle apparel company, with a portfolio of some of the world's most iconic consumer brands: wrangler® and lee®. we design, manufacture and distribute superior high-quality products that look good and fit right, giving people around the world the freedom and confidence to express themselves.