Kontoor Brands Inc

Kontoor Brands, Inc. engages in the design, manufacture, sourcing, marketing, and distribution of a portfolio of brands. It operates through the Wrangler and Lee segment. The company was founded on November 18, 2018 and is headquartered in Greensboro, NC.

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Kontoor Brands reports robust Q4 earnings, eyes global expansion

Kontoor Brands showcased strong financial performance in Q4 2022, with a focus on brand equity, global growth opportunities, and strategic investments. Despite challenges in certain markets, the company is leveraging its strengths to drive future growth through targeted strategies and market expansion.

Kontoor Brands Inc meets Q1 expectations, eyes global expansion

Kontoor Brands Inc's Q1 performance met expectations, with a focus on U.S. strength and D2C growth. Challenges include gross margin pressure and inventory management, while opportunities lie in global expansion and brand resonance.
Strong brand performance in men's and women's categories, with a strategic focus on demand creation and digital reach. The company navigates through cost controls and investments to drive profitable growth.
Maintaining brand strength and resonance in China and globally is key, with a cautious approach to inventory levels. Conversations with partners and a focus on higher ROI opportunities drive future growth.
Overall, Kontoor Brands Inc is strategically positioned to leverage its strengths, address challenges, and capitalize on growth opportunities in the evolving retail landscape.

Kontoor Brands reports flat Q2 revenue but sees D2C strength

Kontoor Brands' Q2 performance was driven by strong D2C momentum, international business strength, and strategic demand creation. While facing challenges in pricing dynamics and underperformance of the Lee brand, the company sees opportunities for gross margin expansion and sustained growth in the back half of the year.

Kontoor Brands exceeds Q3 expectations, focuses on growth opportunities

Kontoor Brands delivered strong Q3 results, outperforming expectations with revenue growth and market share gains. The company is strategically investing in brand momentum and focusing on capital allocation priorities. Challenges include gross margin impact and inventory management actions, but opportunities for growth and margin recovery are evident.

Kontoor Brands Inc. reports mixed Q4 performance, eyes growth opportunities

Kontoor Brands Inc. navigated challenges in Q4 2023 with a focus on profitability improvement and innovation, anticipating modest growth and strong financial performance ahead.
Wrangler and Lee brands demonstrated resilience and growth potential through successful initiatives, partnerships, and innovation strategies, positioning them for future success.
Confidence in revenue improvement, gross margin expansion, and operating earnings growth, supported by strategic pricing actions and capital allocation strategies, underpin the company's financial strength.
Anticipated challenges in the U.S. macro environment require strategic adjustments, while opportunities in international markets and direct-to-consumer expansion offer avenues for future growth and market expansion.

Kontoor Brands Inc surpasses Q1 expectations, eyes strategic growth

Kontoor Brands Inc delivered a robust performance in Q1 2024, surpassing expectations and demonstrating strength in cash generation and strategic planning.
While facing challenges in certain segments, the company's focus on operational improvements and market expansion presents opportunities for future growth.
With a solid foundation in place and a proactive approach to addressing market dynamics, Kontoor Brands Inc is well-positioned for continued success and profitability.

Kontoor Brands Inc (KTB) beats Q2 expectations, raises full-year guidance

Kontoor Brands Inc (KTB) delivered strong Q2 results, exceeding expectations with growth in key areas. Project Genius is on track to deliver significant savings, supporting raised full-year guidance. Despite challenges, the company is optimistic about revenue growth acceleration and operational improvements.

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GREENSBORO, N.C.--(BUSINESS WIRE)--The Board of Directors of Kontoor Brands, Inc. (NYSE: KTB), a global lifestyle apparel company with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced that now that Kontoor has successfully delivered against its Horizon 1 growth strategy, Juliana Chugg will depart the Kontoor Brands Board of Directors, effective November 30, in order to focus on other business obligations. Chugg, previously Global Core Brands

Kontoor Brands Announces Departure of Juliana Chugg From Board of Directors

GREENSBORO, N.C.--(BUSINESS WIRE)--Kontoor Brands, Inc. (“Kontoor”) today announced that it has successfully completed its offering of $400.0 million aggregate principal amount of 4.125% Senior Notes due 2029 (the “Notes”). Kontoor intends to use the proceeds from the offering, together with cash on hand, to fund the repayment of the following outstanding debt in connection with the amendment and extension of Kontoor's Credit Agreement, dated as of May 17, 2019, including the senior secured cre

Kontoor Brands Announces Closing of Senior Notes Offering

GREENSBORO, N.C.--(BUSINESS WIRE)--Global denim icon Wrangler®, and ViacomCBS Consumer Products, today announced its latest pop culture collaboration with Yellowstone, cable's #1 hit from Paramount Network and 101 Studios. The official licensed Wrangler x Yellowstone Collection came to fruition after much of the denim apparel was seen organically on the show's beloved characters through the first three seasons and continues to be worn in Season Four which premiered on Sunday, November 7 to reco

Wrangler® and Yellowstone, Cable's #1 Hit, Band Together to Deliver An Authentic Western Look for Fans

GREENSBORO, N.C.--(BUSINESS WIRE)--Kontoor Brands, Inc. (“Kontoor”) today announced that it has finalized the terms of its offering of $400.0 million aggregate principal amount of 4.125% Senior Unsecured Notes due 2029 (the “Notes”). Kontoor anticipates that consummation of the offering will occur on November 18, 2021, subject to customary closing conditions and intends to use the proceeds from the offering, together with cash on hand, to fund the repayment of the following outstanding debt in

Kontoor Brands Announces Pricing of Senior Notes Offering

GREENSBORO, N.C.--(BUSINESS WIRE)--Kontoor Brands, Inc. today announced that it intends to offer $400.0 million aggregate principal amount of Senior Notes due 2029 (the “Notes”). Kontoor intends to use the proceeds from the offering, together with cash on hand, to fund the repayment of its Term Loan B ($133.0 million aggregate principal amount outstanding, resulting in the repayment in full of borrowings under such facility), partial repayment of its Term Loan A ($265.0 million aggregate princi

Kontoor Brands Announces Launch of Senior Notes Offering

Kontoor Brands, Inc.'s (KTB) CEO Scott Baxter on Q3 2021 Results - Earnings Call Transcript

Kontoor Brands Inc (NYSE: KTB) reported third-quarter FY21 sales growth of 11.8% year-on-year, to $652.3 million, beating the analyst consensus of $615.38 million. The revenue increase was driven by strength in Digital, including own.com and digital wholesale, improved performance across the U.S. wholesale business, and positive trends in international markets.

Wrangler, Lee Parent Kontoor Brands' Q3 Earnings Surpass Street View, Lifts FY21 Outlook

GREENSBORO, N.C.--(BUSINESS WIRE)---- $KTB #earnings--Kontoor Brands, Inc. (NYSE: KTB), a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today reported financial results for its third quarter ended October 2, 2021. “Kontoor is uniquely positioned to win in the marketplace, as evidenced by another quarter of broad-based strength across segments, channels and regions. And we expect our momentum to continue building, as reflected in our r

Kontoor Brands Reports Third Quarter 2021 Results; Raises Outlook for Fiscal 2021

Wrangler and Lee jeans parent Kontoor Brands Inc. KTB, +3.66% reported third-quarter profit and revenue that beat expectations, boosted by strength in digital, and raised its full-year outlook. The stock was still inactive in premarket trading.

Wrangler, Lee jeans parent Kontoor Brands reports earnings beat, raises full-year outlook

Kontoor Brands Inc's (NYSE: KTB) apparel brand, Lee, has partnered with Pendleton Woolen Mills, the family-owned lifestyle brand rooted in the Pacific Northwest. Original Lee styles such as the Lee 101 Jean, Union-Alls, and Storm Rider Jacket have been remixed with exclusively designed Pendleton patterns.

Kontoor Brands' Lee Enters Collaboration With Pendleton For New Collection

GREENSBORO, N.C.--(BUSINESS WIRE)--Two heritage American brands announce the launch of their first collaboration. Lee®, the iconic apparel brand known for its timeless style, and Pendleton Woolen Mills, the family-owned lifestyle brand rooted in the Pacific Northwest, have partnered on a curated capsule that celebrates American craftsmanship. This limited-edition drop reimagines essentials from the brands' almost 300 years of combined apparel experience. Original Lee® styles such as the Lee 101

Lee® and Pendleton® Announce First Collaboration

GREENSBORO, N.C.--(BUSINESS WIRE)--Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced the expansion of its water-saving manufacturing program, Indigood™ Facility Certification. This expansion is part of Kontoor's strategy to reduce the company's carbon footprint and accelerate sustainability efforts including establishing science-based targets for carbon emissions, reduci

Kontoor Brands Launches Indigood™ Facility Certification Program Aimed at Expanding the Adoption of Water Saving Technologies in Textile Production Globally

Kontoor Brands Inc (NYSE: KTB) Board of Directors has increased the quarterly dividend by 15% to $0.46 per share of its common stock. The company's previous quarterly cash dividend was $0.40.

Kontoor Brands Hikes Dividend By 15%

GREENSBORO, N.C.--(BUSINESS WIRE)---- $KTB--Kontoor Brands, Inc. (NYSE: KTB), a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.46 per share of its common stock, an increase of $0.06 or 15 percent. The cash dividend will be payable on December 20, 2021, to shareholders of record at the close of business on December 10, 2021. "Consi

Kontoor Brands Declares Quarterly Dividend of $0.46 Per Share, a 15 Percent Increase

GREENSBORO, N.C.--(BUSINESS WIRE)--Kontoor Brands, Inc. (NYSE: KTB), a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced plans to release its third quarter 2021 financial results on Thursday, November 4, 2021, at approximately 6:50 a.m. ET. Following the news release, Kontoor management will host a conference call at approximately 8:30 a.m. ET to review results. The conference call will be broadcast live

Kontoor Brands Announces Third Quarter 2021 Earnings and Conference Call Date

GREENSBORO, N.C.--(BUSINESS WIRE)--Lee®, the iconic American denim and apparel brand, today announced a new advertising campaign – LeeOriginals (#leeoriginals).

The Lee® Brand Announces New Fall Campaign: LeeOriginals

Kontoor Brands, owner of Lee and Wrangler brands of jeans, has invested in operational improvements and is expecting continuing rebound in sales. In spite of inflation pressures from higher cotton costs, the company anticipates improvements in gross margins into 2022.

Kontoor Brands: Value In The Denim Department

GREENSBORO, N.C.--(BUSINESS WIRE)--Kontoor Brands, Inc. (NYSE: KTB), a global lifestyle apparel company with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced the appointment of Tammy Heller as Chief Human Resources Officer, effective September 29, 2021. Heller will be responsible for developing and driving the organization's people strategy. In addition to overseeing fundamental Human Relations functions such as compensation, benefits, HR sy

Kontoor Brands Appoints Tammy Heller as Chief Human Resources Officer

GREENSBORO, N. C.--(BUSINESS WIRE)--Wrangler®, a global icon in jeanswear and casual apparel, today announced that it has teamed up with Infinited Fiber Company to incorporate Infinna™ – regenerated, recyclable fibers– into its global denim range for its Fall 2021 collection, the brand's most sustainable denim yet. Combined with industry-leading innovations including Indigood™, foam-dye technology that lowers wastewater by over 99%, and an e-flow finishing process, this collection represents Wr

Wrangler® Launches Its Most Sustainable Denim Yet, Featuring Planet-Friendly Fiber Made from Textile Waste

GREENSBORO, N.C.--(BUSINESS WIRE)--Wrangler®, a global icon in jeanswear and casual apparel, today announced its fall/winter 2021 advertising campaign, “For the Ride of Life,” which celebrates everyday people pursuing new adventures with energy and optimism. Inspired by the resilience it takes to see challenges as opportunities and leave nothing on the table, the campaign is styled by Hollywood's sought-after Heidi Bivens and serves as a springboard for a heightened level of western-inspired fa

Denim Icon Wrangler® Launches Global "For the Ride of Life" Campaign Inspired by the Resilience and Optimism of the Cowboy Spirit

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GREENSBORO, N.C.--(BUSINESS WIRE)--The Board of Directors of Kontoor Brands, Inc. (NYSE: KTB), a global lifestyle apparel company with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, has unanimously elected Scott Baxter to the role of Board Chair, effective immediately. Baxter will serve as Board Chair, Chief Executive Officer and President, succeeding Robert Shearer who has served as Chairman since Kontoor became an independent, publicly traded company in

Kontoor Brands Announces Election of CEO Scott Baxter as Chair of the Board of Directors

Kontoor Brands, Inc.'s (KTB) CEO Scott Baxter on Q2 2021 Results - Earnings Call Transcript

Scott Baxter, CEO of Wrangler parent Kontoor Brands, told CNBC the pandemic-inspired casual clothing boom will continue to lead apparel sales.

CEO of Wrangler parent says 'global casualization' will continue to dominate apparel market

Kontoor Brands Inc (NYSE: KTB) reported second-quarter FY21 sales growth of 40.6% year-on-year, to $491 million, beating the analyst consensus of $475.54 million. Q2 revenue decreased 19% compared to adjusted revenue in Q2 of 2019.

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