August 8, 2019 / 11:03 AM / 2 months ago

Lee, Wrangler jeans maker Kontoor posts over 8% drop in quarterly revenue

Aug 8 (Reuters) - Kontoor Brands Inc, the recently spunoff jeans unit of VF Corp, reported an 8.2% fall in quarterly revenue on Thursday, as the company took a hit from the bankruptcy of a major customer last year and a stronger dollar.

The company’s net income fell to $38 million, or 67 cents per share, in the second quarter ended June 29, from $60.5 million, or $1.07 per share, a year earlier.

Net revenue fell to $609.7 million from $663.9 million. (Reporting by Uday Sampath and Aditi Sebastian; Editing by Maju Samuel)

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