Kontoor Brands Inc Stock Price, News & Analysis

Lee has launched Lee X, a new product platform that integrates advanced fabric technology and modern design. Building on their successful Extreme Motion line, Lee X features enhanced comfort and performance elements including stretch fabric, flex waistbands, and an updated gusset. The platform incorporates TruTemp™365® technology for temperature regulation and sustainable materials like recycled apple skin patches.

The platform includes three collections: Lee X Move (designed for all-day wear with premium easy-care fabric), Lee X Soft Denim (made with premium cotton, stretch fibers, and Tencel™ for exceptional softness), and Lee X Lite Non-Denim (featuring lightweight, breathable stretch fabric). Complementing shirts with water-repellent technology are also available. Products are priced from $40 for tops and $50 for bottoms, available on Lee.com and Amazon.com, with Lee X Lite launching in spring 2025.

Lee and Alpha Industries have launched a new global collaboration featuring an eight-piece capsule collection that combines military-inspired designs with heritage workwear. The collection includes iconic pieces like Alpha's MA-1 Bomber Jacket and Lee Rider™ denim jacket, reimagined with contemporary elements and indigo denim details.

The collection, priced from $60 to $310, is available in Lee and Alpha owned retail stores and websites in the US and select Asian markets. The collaboration celebrates both brands' American heritage and workwear roots while offering modern interpretations of classic designs.

Lee has launched a new line of handbags and totes manufactured by Montana West, marking its first entry into TikTok Shop. The collection features three designs made with denim and vegan leather, priced between $30 and $48. The line includes a Vegan Leather Top Handle Tote, Denim Canvas Wide Tote, and Denim Canvas Mini Tote/Crossbody, all featuring Lee's iconic logo. Available on Lee.com, MontanaWest.com, TikTok Shop, and Amazon, the collection aims to complement Lee's denim offerings and capitalize on the trending denim bag market for the holiday shopping season.

Kontoor Brands (KTB) reported strong Q3 2024 results with revenue increasing 2% to $670 million. Adjusted EPS grew 12% to $1.37, while adjusted gross margin expanded 150 basis points to 45.0%. The company demonstrated solid inventory management with a 24% reduction compared to prior year. Based on these results, KTB raised its full-year 2024 outlook, now expecting revenue of $2.60 billion, adjusted EPS of $4.83 (up 9% year-over-year), and cash from operations exceeding $360 million. The company returned $68 million to shareholders through dividends and share repurchases in Q3.

Kontoor Brands (NYSE: KTB) has announced a 4% increase in its quarterly cash dividend to $0.52 per share of common stock. The dividend will be payable on December 19, 2024, to shareholders of record as of December 9, 2024. The company's CEO Scott Baxter stated that this increase demonstrates management's confidence in their growth strategy and commitment to delivering superior cash returns to shareholders. Kontoor Brands operates globally with two major brands: Wrangler® and Lee®.

Kontoor Brands (NYSE: KTB), a global lifestyle apparel company known for iconic brands Wrangler® and Lee®, has announced the release date for its third quarter 2024 financial results. The results will be disclosed on Thursday, October 31, 2024, at approximately 6:50 a.m. ET. Following the news release, Kontoor management will host a conference call at approximately 8:30 a.m. ET to review the results.

The conference call will be broadcast live and accessible at kontoorbrands.com/investors. For those unable to listen to the live broadcast, an archived version will be available at the same location. Kontoor Brands designs, manufactures, distributes, and licenses high-quality apparel products, focusing on leveraging its global platform, strategic sourcing model, and supply chain to drive brand growth and deliver long-term value for stakeholders.

Coors Banquet and Wrangler have partnered to create Beer Wash Jeans, the first-ever Wrangler denim washed in Coors beer. This collaboration brings together two iconic Western brands, combining Coors Banquet's brewing legacy with Wrangler's classic Cowboy Cut jeans. The -edition jeans feature a unique tag with a Coors Banquet bottle opener and a patch kit for customization.

The partnership aims to celebrate the authentic Western heritage of both brands, with Coors Banquet brewing in Golden, Colorado since 1873 and Wrangler's deep roots in rodeo and cowboy culture. U.S. fans can enter a sweepstakes from Oct. 11-21, 2024, for a chance to win a pair of Beer Wash Jeans at www.beerwashjeans.com.

Lee® and STUTTERHEIM have launched a collaborative rainwear collection that combines Lee's classic workwear designs with STUTTERHEIM's advanced waterproof technology. The collection features reimagined versions of Lee's iconic Storm Rider™ Jacket, Chore Jacket, and Bib Overall, using STUTTERHEIM's waterproof fabrics.

The seven-piece capsule collection includes men's, women's, and unisex styles, along with accessories. Key items are the Storm Rider™ Raincoat, Chore Raincoat, Bib Overall, Bucket Hat, and Backpack Tote. Prices range from $85 to $380.

Available in sizes XS-XL for women and S-XL for men, the collection can be purchased on Lee.com, Stutterheim.com, and in select stores across the US, Europe, and Taiwan.

Wrangler has launched its first apparel collaboration with Grammy-winning country superstar Lainey Wilson for Fall Winter '24. The collection blends Wilson's creative energy with Wrangler's Western heritage, offering a mix of contemporary cowgirl style. Key pieces include:

- Wilson's signature bell bottom jeans with patchwork and embellishments
- Trucker jackets and flares in 'storyteller' denim with illustrations from Wilson's life
- A striped 'Rodeo Ben' sherpa coat inspired by Wrangler's archives
- Western shirts with unique prints and details
- A new 'boot hugger' jeans fit

The collection also features personal touches like Wilson's family farm name and song references. Some items are available in girls' sizes. Prices range from $40 to $150, available on Wrangler.com and select retailers.