Kontoor Brands, Inc. (NYSE:KTB) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Michael Karapetian – Vice President, Corporate Development, Strategy, and Investor Relations Scott Baxter – President, Chief Executive Officer and Chair Joe Alkire – Chief Financial Officer Conference Call Participants Ike Boruchow – Wells Fargo Brooke Roach – Goldman Sachs Bob Drbul – Guggenheim Peter McGoldrick – Stifel Mauricio Serna – UBS Paul Kearney – Barclays Laurent Vasilescu – BNP Paribas ...

Kontoor Brands (KTB) came out with quarterly earnings of $0.98 per share, beating the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.77 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 13.95%. A quarter ago, it was expected that this maker of Wrangler and Lee apparel would post earnings of $0.90 per share when it actually produced earnings of $1.16, delivering a surprise of 28.89%. Over the last f ...

Exhibit 99.1 Second Quarter 2024 Highlights • Revenue of $607 million decreased 1 percent compared to prior year • Reported gross margin was 44.7 percent. Adjusted gross margin was 45.2 percent and increased 420 basis points compared to prior year • Reported EPS was $0.92. Adjusted EPS of $0.98 increased 27 percent compared to prior year • Inventory decreased 22 percent compared to prior year • The Company repurchased $25 million of shares and made a $25 million voluntary term loan payment • The Company's B ...

If I could just follow-up on international, it appears that Europe wholesale continues to be a little weaker than we would have expected. I was wondering if you could discuss, relative to your outlook for Europe and Asia provided in February, what are you forecasting for growth in both wholesale and DTC in those markets for the remainder of the year? I just wanted to confirm first on the sales guidance that Q1, like the sales speed, there wasn't really any shift in shipments from Q2 to Q1. And if that's the ...

Kontoor Brands (KTB) came out with quarterly earnings of $1.16 per share, beating the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $1.16 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 28.89%. A quarter ago, it was expected that this maker of Wrangler and Lee apparel would post earnings of $1.37 per share when it actually produced earnings of $1.35, delivering a surprise of -1.46%. Over the last f ...

Exhibit 99.1 Revenue was $631 million and decreased 5 percent (6 percent decrease in constant currency) compared to the prior year. The revenue decline was primarily driven by retailer inventory management actions in the U.S., a decrease in revenue from seasonal product, and lower international revenue, primarily in Europe. • Revenue of $631 million decreased 5 percent compared to prior year • Reported gross margin was 45.2 percent. Adjusted gross margin was 45.7 percent and increased 270 basis points compa ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number: 001-38854 KONTOOR BRANDS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. employer identification number) FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ...

Kontoor Brands, Inc. (NYSE:KTB) Q4 2023 Earnings Conference Call February 28, 2024 8:30 AM ET Company Participants Michael Karapetian - Vice President, Corporate Development, Strategy, and Investor Relations Scott Baxter - President and Chief Executive Officer Tom Waldron - Co-Chief Operating Officer, Global Brand President, Wrangler Chris Waldeck - Co-Chief Operating Officer, Global Brand President, Lee Joe Alkire - Chief Financial Officer Conference Call Participants Robert Drbul - Guggenheim Securities J ...

Exhibit 99.1 KONTOOR BRANDS REPORTS 2023 FOURTH QUARTER AND FULL YEAR RESULTS; PROVIDES 2024 OUTLOOK AND ANNOUNCES PROJECT JEANIUS GLOBAL TRANSFORMATION Fourth Quarter 2023 Highlights Full Year 2023 Highlights Full Year 2024 Financial Outlook Fourth Quarter 2023 Income Statement Review Revenue was $670 million, decreasing 8 percent (9 percent decrease in constant currency) compared to the prior year. Revenue decreases were primarily driven by retailer inventory management actions in the U.S., partially offs ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number: 001-38854 KONTOOR BRANDS, INC. (Exact name of registrant as specified in its charter) North Carolina 83-2680248 (State o ...