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.
Wrangler (KTB) and Pit Viper have collaborated to launch Xtreme Blue Jeans (XBJs), a unique collection of denim designed for extreme watersports. The collection features denim shorts, vests, graphic tees, and Pit Viper Flip-Offs sunglasses with float-resistant denim print frames. Professional jet ski athletes Demi Morgan and Lee Stone showcased the collection at Lake Havasu, Arizona.
The limited-edition collection, priced between $34.99 - $99.99, combines Wrangler's durability and western heritage with Pit Viper's outdoor gear expertise. The collaboration aims to merge extreme sports culture with western legend, targeting a younger audience. The collection is exclusively available on Wrangler's website.
Kontoor Brands (NYSE: KTB), the global lifestyle apparel company behind iconic brands Wrangler® and Lee®, has announced a quarterly cash dividend of $0.52 per share of common stock. The dividend will be paid on June 20, 2025, to shareholders of record as of June 10, 2025.
Kontoor Brands operates as a global lifestyle apparel manufacturer and distributor, focusing on designing, manufacturing, distributing, and licensing high-quality products. The company emphasizes its strategic sourcing model and supply chain capabilities to drive brand growth and create long-term stakeholder value.
Kontoor Brands (NYSE: KTB), the global lifestyle apparel company behind iconic brands Wrangler® and Lee®, has scheduled its first quarter 2025 financial results release for Tuesday, May 6, 2025, at approximately 6:50 a.m. ET.
The company will host a conference call at 8:30 a.m. ET on the same day to review the results. Investors and interested parties can access the live broadcast through kontoorbrands.com/investors, where an archived version will also be available afterward.
Wrangler has announced a collaboration with Sony Pictures Consumer Products for a special collection inspired by HBO's series The Last of Us. The all-gender collection will launch in two drops, starting April 10 with Jackson, Wyoming-inspired pieces including pre-distressed denim items priced between $35 to $95.
The first drop features three classic pieces: a cowboy cut denim jacket, a cowboy cut denim shirt, and the original 13MWZ Cowboy Cut Denim Jean. The second drop, launching May 1, includes six additional pieces inspired by Seattle's Pacific Northwest setting, featuring a 'Cordyceps' camouflage set, tinted denim carpenter pants, and pocket-tees in three colorways.
The collaboration aligns with the show's second season debut on April 13, which will air on HBO and stream on Max with seven episodes. The collection will be available exclusively on Wrangler.com, combining the brand's heritage of durable denim with the show's survival-themed aesthetic.
Lee® and Paul Smith have unveiled a new global capsule collection, first showcased at the Paul Smith Spring/Summer 2025 presentation at Pitti Uomo. The 14-piece edition menswear collection includes jeans, denim jackets, western-style shirts and T-shirts, with prices ranging from $90-$450.
The collaboration stems from Paul Smith's history with Lee, dating back to the 1970s when he sold Lee's painter's trousers in his Nottingham shop. The capsule collection reimagines Lee's iconic designs, including the Lee 101 jean, 101 Stormrider™ jacket, chore jacket, western shirt, and carpenter pant with exclusive prints and Paul Smith's signature stripe patterns.
The collection will be available on paulsmith.com, lee.com, and in selected partner-owned stores worldwide, with Nordstrom serving as USA's exclusive wholesaler.
Kontoor Brands (KTB) reported strong Q4 2024 results with revenue of $699 million, up 4% year-over-year (5% in constant currency). The company saw 9% growth in global direct-to-consumer and 4% growth in wholesale channels. Q4 adjusted EPS was $1.38, increasing 2% from prior year, or approximately 23% excluding a discrete tax benefit in the prior year.
For full-year 2024, KTB maintained revenue at $2.61 billion while improving profitability, with adjusted operating income increasing 9% to $381 million and adjusted EPS rising 10% to $4.89. The Wrangler brand grew 3% globally while Lee brand declined 6%. Inventory decreased 22% compared to prior year, and the company returned $198 million to shareholders through dividends and share repurchases.
For 2025, KTB projects revenue of $2.63-2.69 billion (1-3% growth), adjusted operating income of $400-408 million (5-7% growth), and adjusted EPS of $5.20-5.30 (6-8% growth). The outlook excludes the pending Helly Hansen acquisition, expected to close in Q2 2025 and contribute approximately $0.15 to full-year adjusted EPS.
Wrangler and Whataburger have announced a new collaborative apparel collection ahead of the Texas rodeo season. The 33-piece collection combines Wrangler's classic American denim style with Whataburger's distinctive orange-and-white branding.
The collection includes denim vests with branded patches, orange-and-white striped shorts and jeans, trucker jackets featuring Whataburger's 'Flying W,' and hamburger-inspired hoodies, graphic tees, and hats. Prices range from $34.99 to $89.99, and items are available on Wrangler.com and Whatastore.com.
This partnership emphasizes both brands' connection to Texas culture and their commitment to quality and authenticity, representing a new approach to Western style with a contemporary twist.
Kontoor Brands (NYSE: KTB) has announced a definitive agreement to acquire Helly Hansen, a global outdoor and workwear brand, from Canadian Tire for approximately $900 million. The acquisition is expected to accelerate Kontoor's revenue, earnings growth, and cash flow profile.
Helly Hansen is projected to generate over $680 million in revenue and $80 million in adjusted EBITDA for full year 2025. The purchase price reflects an approximate 11x transaction multiple based on the 2025 adjusted EBITDA outlook, excluding synergies.
The transaction, expected to close in Q2 2025, will be funded through a combination of cash on hand and new debt financing. Kontoor expects net leverage to be less than 3x trailing twelve months' pro forma adjusted EBITDA at closing, with a return to targeted leverage range of 1.0x-2.0x within 12 months.