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Kontoor Brands Inc

KTB.N

Latest Trade

64.97USD

Change

0.92(+1.44%)

Volume

121,683

Today's Range

63.93

 - 

65.70

52 Week Range

13.53

 - 

65.70

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Kontoor Brands Reports Q4 Earnings Per Share $0.74

March 2 (Reuters) - Kontoor Brands Inc <KTB.N>::KONTOOR BRANDS REPORTS FOURTH QUARTER AND FISCAL 2020 RESULTS; PROVIDES OUTLOOK FOR FISCAL 2021.Q4 EARNINGS PER SHARE $0.74.Q4 REVENUE $661 MILLION VERSUS REFINITIV IBES ESTIMATE OF $646.1 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $0.98 -- REFINITIV IBES DATA.FISCAL 2021 ADJUSTED EPS IS EXPECTED TO BE IN RANGE OF $3.50 TO $3.60.ANNOUNCING EARLY TERMINATION OF COVENANT RELIEF PERIOD IN ITS AMENDED CREDIT FACILITY.QTRLY ADJUSTED EPS OF $1.23.KONTOOR BRANDS - SEES 2021 REVENUE TO RISE IN LOW-DOUBLE DIGIT RANGE, INCLUDING MID-SINGLE DIGIT IMPACT FROM VF OUTLET ACTIONS, INDIA BUSINESS MODEL CHANGES.KONTOOR BRANDS - 2021 ADJUSTED. GROSS MARGIN IS EXPECTED TO INCREASE 150 TO 200 BASIS POINTS ABOVE 41.2% ACHIEVED IN 2020.FY2021 EARNINGS PER SHARE VIEW $3.18, REVENUE VIEW $2.40 BILLION -- REFINITIV IBES DATA.

Kontoor Brands Inc Launches Wrangler Brand In China

Dec 17 (Reuters) - Kontoor Brands Inc <KTB.N>::KONTOOR BRANDS INC - LAUNCHES WRANGLER BRAND IN CHINA.KONTOOR BRANDS INC - WRANGLER APPAREL NOW AVAILABLE TO CHINESE CONSUMERS THROUGH DIGITAL PARTNERSHIP WITH TMALL.

Kontoor Brands Reports Q3 2020 Results

Oct 29 (Reuters) - Kontoor Brands Inc <KTB.N>::KONTOOR BRANDS REPORTS THIRD QUARTER 2020 RESULTS; REINSTATES A QUARTERLY DIVIDEND AND PROVIDES FY'20 OUTLOOK.SEES FY 2020 ADJUSTED EARNINGS PER SHARE $2.25 TO $2.35.Q3 ADJUSTED EARNINGS PER SHARE $1.33.Q3 EARNINGS PER SHARE $1.05.Q3 REVENUE $583 MILLION VERSUS REFINITIV IBES ESTIMATE OF $549 MILLION.Q3 EARNINGS PER SHARE ESTIMATE $0.58 -- REFINITIV IBES DATA.BOARD OF DIRECTORS DECLARED A QUARTERLY CASH DIVIDEND OF $0.40 PER SHARE.KONTOOR BRANDS - SEES REVENUE IN Q4 TO SHOW CONTINUED SEQUENTIAL IMPROVEMENT FROM Q3 RESULTS, WITH REVENUE ANTICIPATED TO BE FLAT TO DOWN MODESTLY.Q4 REVENUE VIEW $635.1 MILLION -- REFINITIV IBES DATA.

Kontoor Brands Announces Third Quarter 2020 Earnings And Conference Call Date

Kontoor Brands Inc <KTB.N>::KONTOOR BRANDS ANNOUNCES THIRD QUARTER 2020 EARNINGS AND CONFERENCE CALL DATE.

Wrangler Says New Global Sustainability Goal Of A 50% Reduction In Water Usage By 2030

Aug 27 (Reuters) - Kontoor Brands Inc <KTB.N>::WRANGLER - NEW GLOBAL SUSTAINABILITY GOAL OF A 50% REDUCTION IN WATER USAGE BY 2030.

Kontoor Brands Q2 Adjusted Loss Per Share $0.22

Aug 6 (Reuters) - Kontoor Brands Inc <KTB.N>::KONTOOR BRANDS REPORTS SECOND QUARTER 2020 RESULTS.Q2 REVENUE $349 MILLION VERSUS REFINITIV IBES ESTIMATE OF $295.7 MILLION.Q2 ADJUSTED LOSS PER SHARE $0.22.Q2 GAAP LOSS PER SHARE $0.58.Q2 EARNINGS PER SHARE ESTIMATE $-0.41 -- REFINITIV IBES DATA.REVENUE IN THE SECOND HALF OF 2020 SHOULD EXPERIENCE SEQUENTIAL YEAR-OVER-YEAR IMPROVEMENT.

Kontoor Brands Reports Q1 Adjusted Earnings Per Share $0.27

May 7 (Reuters) - Kontoor Brands Inc <KTB.N>::KONTOOR BRANDS REPORTS FIRST QUARTER 2020 RESULTS; ANNOUNCES ACTIONS TO FURTHER STRENGTHEN FINANCIAL FLEXIBILITY.Q1 ADJUSTED EARNINGS PER SHARE $0.27.Q1 GAAP LOSS PER SHARE $0.05.Q1 REVENUE $504 MILLION VERSUS REFINITIV IBES ESTIMATE OF $515 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.25 -- REFINITIV IBES DATA.Q1 2020 WHOLESALE REVENUE DECLINED DUE TO CUSTOMER DOOR CLOSURES, DIGITAL SALES INCREASED 10 PERCENT.TEMPORARY SUSPENSION OF DIVIDEND IN CONJUNCTION WITH CREDIT FACILITY AMENDMENT.SIGNIFICANT NEW DISTRIBUTION AND PROGRAM GAINS EXPECTED FOR SECOND HALF 2020.KONTOOR BRANDS - THROUGH FEBRUARY, RESULTS WERE IN LINE WITH EXPECTATIONS, BUT AS QUARTER PROGRESSED, IMPACTS FROM COVID-19 BECAME MORE PRONOUNCED.OUTSIDE OF ASIA, CO'S OFFICES ARE ESSENTIALLY CLOSED, WITH MOST ASSOCIATES SUCCESSFULLY WORKING REMOTELY.CO'S DISTRIBUTION CENTERS AROUND WORLD CONTINUE TO OPERATE AND FULFILL WHOLESALE AND DTC ORDERS.ALL OWNED AND PARTNERSHIP BRICK AND MORTAR RETAIL STORES IN CHINA HAVE RE-OPENED.OWNED RETAIL STORES IN NORTH AMERICA AND EUROPE REMAIN CLOSED.FINISHED Q1 WITH $479 MILLION IN CASH AND CASH EQUIVALENTS.TO DATE, HAS NOT EXPERIENCED SIGNIFICANT SERVICE DISRUPTIONS TO CUSTOMERS.KONTOOR BRANDS - OVER PAST SIXTY DAYS, DREW DOWN $475 MILLION FROM REVOLVING CREDIT FACILITY PRIOR TO AMENDMENT.FINISHED Q1 WITH $479 MILLION IN CASH AND CASH EQUIVALENTS.ANNOUNCED TEMPORARY SALARY REDUCTIONS FOR SENIOR MANAGEMENT AND OTHER KEY LEADERS.

Kontoor Brands Announces Actions To Strengthen Financial Position Including Drawing Down On Revolving Credit Facility

March 26 (Reuters) - Kontoor Brands Inc <KTB.N>::KONTOOR BRANDS ANNOUNCES ACTIONS TO STRENGTHEN FINANCIAL POSITION INCLUDING DRAWING DOWN ON REVOLVING CREDIT FACILITY.KONTOOR BRANDS INC - HAS DRAWN DOWN $475.0 MILLION FROM ITS REVOLVING CREDIT FACILITY.KONTOOR BRANDS INC - WITHDRAWING ITS 2020 GUIDANCE PROVIDED ON MARCH 5, 2020, AND IS NOT PROVIDING AN UPDATED OUTLOOK AT THIS TIME.KONTOOR BRANDS INC - EXPECTS COMPANY'S OWNED AND OPERATED RETAIL LOCATIONS CLOSURES TO CONTINUE THROUGH AT LEAST TUESDAY, MARCH 31, 2020.

Kontoor Brands Expects Stores To Remain Closed To General Public Through March 27

March 17 (Reuters) - Kontoor Brands Inc <KTB.N>::KONTOOR BRANDS PROVIDES UPDATE ON COVID-19 BUSINESS IMPACTS.KONTOOR BRANDS INC - ANTICIPATES STORES TO REMAIN CLOSED TO GENERAL PUBLIC THROUGH MARCH 27, 2020.KONTOOR BRANDS INC - WILL TEMPORARILY CLOSE TO GENERAL PUBLIC ALL OWNED AND OPERATED RETAIL LOCATIONS ACROSS NORTH AMERICA AND EUROPE.KONTOOR BRANDS INC - IMPACTED EMPLOYEES AT NORTH AMERICA AND EUROPE LOCATIONS TO GET PAY AND BENEFITS DURING THIS TIME.

Kontoor Brands Sees FY 2020 Adjusted Earnings Per Share $3.55 To $3.65

March 5 (Reuters) - Kontoor Brands Inc <KTB.N>::KONTOOR BRANDS REPORTS FOURTH QUARTER AND FULL YEAR 2019 RESULTS; PROVIDES OUTLOOK FOR FULL YEAR 2020.SEES FY 2020 ADJUSTED EARNINGS PER SHARE $3.55 TO $3.65.Q4 ADJUSTED EARNINGS PER SHARE $0.97.Q4 GAAP EARNINGS PER SHARE $0.50.Q4 EARNINGS PER SHARE ESTIMATE $0.92 -- REFINITIV IBES DATA.SEES FY 2019 REVENUE $2.55 BILLION.KONTOOR BRANDS - OUTLOOK FOR 2020 EXCLUDES IMPACT OF COVID-19 CORONAVIRUS.QTRLY NET REVENUES $652.6 MILLION VERSUS $726.2 MILLION.DURING Q4, U.S. REVENUE WAS $517 MILLION, DOWN 8% ON A REPORTED BASIS.KONTOOR BRANDS - SEES 2020 ADJUSTED EPS IS EXPECTED TO BE IN THE RANGE OF $3.55 TO $3.65.KONTOOR BRANDS - CASH FLOW FROM OPERATIONS IS EXPECTED TO BE GREATER THAN $325 MILLION IN 2020.KONTOOR BRANDS - CO IS CAREFULLY MONITORING CORONAVIRUS SITUATION.IN QUARTER, RECORDED NON-CASH IMPAIRMENT OF INTANGIBLE ASSET OF $33 MILLION CHARGE RELATED TO ROCK & REPUBLIC TRADEMARK."KONTOOR BRANDS IS CAREFULLY MONITORING CORONAVIRUS SITUATION".KONTOOR - ANTICIPATE POTENTIAL NEGATIVE GLOBAL IMPACT OF ABOUT 4 POINTS TO FIRST QUARTER REVENUE, DUE MOSTLY TO OPERATIONS IN CHINA.KONTOOR - IN TERMS OF SUPPLY CHAIN IMPACTS, SITUATION TO BE ACTIVELY MONITORED, CURRENTLY NO DISRUPTIONS IN MANUFACTURING OR SOURCING OF MATERIALS.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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