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.
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.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.