Kontoor Brands Earnings Reports

Kontoor Brands posted Q4 2024 revenue of $699 million, representing a 4% year-over-year increase. Wrangler revenue grew 9%, while Lee revenue declined 6%. The company achieved a gross margin of 43.7% and an operating income of $84 million. Adjusted EPS came in at $1.38, reflecting a 2% increase compared to the prior year.

Kontoor Brands reported strong Q3 2024 results, exceeding expectations with revenue growth and improved profitability. The company is raising its full-year outlook, driven by better-than-expected third-quarter results, stronger profitability and cash generation.

Kontoor Brands reported a 1% decrease in revenue to $607 million for Q2 2024 compared to the prior year. Adjusted EPS increased by 27% to $0.98. The company is raising its full year outlook, including incremental demand creation investments.

Kontoor Brands reported a revenue of $631 million, a 5% decrease compared to the prior year. Adjusted EPS was $1.16, consistent with the prior year. The company is raising its full year earnings outlook due to a strong start to the year and increased visibility into gross margin expansion.

Kontoor Brands reported a revenue decrease of 8% to $670 million, impacted by retailer inventory management in the U.S. However, adjusted EPS increased by 54% to $1.35, driven by gross margin expansion and effective cost management. The company is implementing 'Project Jeanius' to further enhance operational efficiency and accelerate growth.

Kontoor Brands reported an 8% increase in revenue to $655 million for Q3 2023. EPS was $1.05, including a $0.17 charge from duty expense. Excluding the duty charge, EPS was $1.22, a 10% increase compared to the prior year. The company is updating its full year outlook to reflect these results and anticipated challenges.

Kontoor Brands reported flat revenue of $616 million for Q2 2023 compared to Q2 2022. The company reaffirmed its 2023 outlook excluding restructuring charges. Strength in DTC and International was tempered by decreases in U.S. wholesale.

Kontoor Brands reported Q1 2023 revenue of $667 million, a 2% decrease compared to Q1 2022, but consistent with prior outlook. EPS was $1.16 compared to $1.40 in the same period last year. The company reaffirmed its full year 2023 financial outlook.

Kontoor Brands reported a 7% increase in revenue to $732 million for Q4 2022. Reported EPS was $0.91, and adjusted EPS was $0.88. The company anticipates macro headwinds to persist through 2023 but expects strategic investments to support continued growth.

Kontoor Brands reported Q3 2022 results with revenue of $607 million, a 7% decrease year-over-year. Reported EPS was $0.90, and adjusted EPS was $1.11, compared to $1.07 and $1.28, respectively, in Q3 2021. The company is revising its 2022 outlook, expecting revenue to increase approximately 4% and adjusted EPS to be in the range of $4.35 to $4.40.

Kontoor Brands reported a 25% increase in revenue and a GAAP EPS of $1.09 for Q2 2022. The company is updating its full-year outlook to reflect retailer inventory rebalancing, the ongoing COVID-19 pandemic, and inflationary pressures.

Kontoor Brands reported a strong third quarter with revenue increasing to $652 million, a 12% increase compared to the prior year. The company raised its fiscal year 2021 outlook, expecting adjusted EPS to be $4.15 to $4.20.

Kontoor Brands reported a strong second quarter with revenue increasing 41 percent to $491 million compared to the prior year. Adjusted EPS was $0.70, and the company raised its fiscal 2021 outlook, expecting adjusted EPS to be $3.90 to $4.00.

Kontoor Brands reported strong first-quarter 2021 results, with revenue increasing 29 percent to $652 million and adjusted EPS of $1.43. The company raised its fiscal 2021 outlook, expecting revenue to increase in the low-teens range and adjusted EPS to be in the range of $3.70 to $3.80.

Kontoor Brands reported a 1% increase in revenue to $661 million and a 48% increase in reported EPS to $0.74 for the fourth quarter of 2020. Adjusted EPS increased 27% to $1.23. The company also announced the early termination of the covenant relief period in its amended credit facility due to improving fundamentals.

Kontoor Brands reported a 9% decrease in revenue to $583 million for Q3 2020, but adjusted EPS increased by 40% compared to the prior year. Strong cash generation supported additional debt repayments and the reinstatement of a quarterly dividend.

Kontoor Brands reported a 43% decrease in revenue to $349 million for Q2 2020, with a GAAP EPS of $(0.58) and an adjusted EPS of $(0.22). The company successfully managed short-term challenges related to COVID-19 while focusing on long-term growth and financial flexibility, including paying down $75 million in debt during the quarter.

Kontoor Brands reported a 22% decrease in revenue to $504 million due to COVID-19 impacts, with a GAAP EPS of $(0.05) and adjusted EPS of $0.27. The company took actions to strengthen financial flexibility, including amending its credit facility and temporarily suspending dividends.

Kontoor Brands reported a revenue decrease of 10% to $653 million in Q4 2019, impacted by strategic quality-of-sales initiatives and a major U.S. retailer bankruptcy. Despite the revenue decline, adjusted EPS was $0.97, and adjusted operating margin increased to 13.1%.