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07.08.25 - 12:51
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Kontoor Brands Reports 2025 Second Quarter Results; Strengthens 2025 Outlook (Business Wire)
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Second Quarter 2025 Highlights
Revenue of $658 million increased 8 percent compared to prior year. Excluding the acquisition of Helly Hansen, revenue increased 4 percent compared to prior year
Reported gross margin was 46.3 percent. Adjusted gross margin of 46.4 percent increased 120 basis points compared to prior year, including a 20 basis point benefit from the acquisition of Helly Hansen
Reported operating income was $79 million. Adjusted operating income of $100 million increased 25 percent compared to prior year. Excluding the acquisition of Helly Hansen, adjusted operating income of $105 million increased 32 percent compared to prior year
Reported EPS was $1.32. Adjusted EPS of $1.21 increased 23 percent compared to prior year. Excluding the acquisition of Helly Hansen, adjusted EPS of $1.33 increased 36 percent compared to prior year
The Company made a $25 million voluntary term loan payment
As previously announced, the Company's Board of Directors declared a regular quarterly cash dividend of $0....
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29.07.25 - 12:57
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Kontoor Brands Announces Expanded Global Leadership Roles for Jenni Broyles and Joseph Alkire (Business Wire)
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GREENSBORO, N.C.--(BUSINESS WIRE)--$KTB--Kontoor Brands, Inc. (NYSE: KTB), today announced that Jenni Broyles and Joseph Alkire will assume expanded roles on Kontoor's Executive Leadership Team, effective immediately.
“Jenni and Joe have earned these expanded roles through proven performance and strategic leadership, a testament to the depth of talent we are cultivating at Kontoor Brands,” said Kontoor's President, Chief Executive Officer and Chairman, Scott Baxter. “This leadership team has the vision and expertise to guide Kontoor's strategic evolution as we expand our portfolio of brands, accelerate growth and continue to deliver long-term value for our shareholders.”
Broyles will assume leadership responsibility for all international and commercial operations for the Lee and Wrangler brands in the role of Executive Vice President, Chief Commercial Officer & Global Head of Brands, reporting to Kontoor's President, Chief Executive Officer and Chairman, Scott Baxter.
Alkire will assume leader...
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25.07.25 - 12:54
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Kontoor Brands Declares Quarterly Dividend (Business Wire)
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GREENSBORO, N.C.--(BUSINESS WIRE)--$KTB--Kontoor Brands, Inc. (NYSE: KTB) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.52 per share of its common stock. The cash dividend will be payable on September 19, 2025, to shareholders of record at the close of business September 9, 2025.
About Kontoor Brands
Kontoor Brands, Inc. (NYSE: KTB) is a portfolio of three of the world's most iconic lifestyle, outdoor and workwear brands: Wrangler®, Lee® and Helly Hansen®. Kontoor Brands is a purpose-led organization focused on leveraging its global platform, strategic sourcing model and best-in-class supply chain to drive brand growth and deliver long-term value for its stakeholders. For more information about Kontoor Brands, please visit www.KontoorBrands.com. Contacts
Investors:Michael Karapetian, (336) 332-4263
Vice President, Corporate Development, Strategy, and Investor Relations
Michael.Karapetian@kontoorbrands.com
or
Media:Julia Burge, (336) 332-5122
Director...
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17.07.25 - 12:54
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Kontoor Brands Announces Second Quarter 2025 Earnings and Conference Call Date (Business Wire)
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GREENSBORO, N.C.--(BUSINESS WIRE)--$KTB--Kontoor Brands, Inc. (NYSE: KTB) today announced plans to release its second quarter 2025 financial results on Thursday, August 7, 2025, 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 and accessible at kontoorbrands.com/investors. For those unable to listen to the live broadcast, an archived version will be available at the same location.
About Kontoor Brands
Kontoor Brands, Inc. (NYSE: KTB) is a portfolio of three of the world's most iconic lifestyle, outdoor and workwear brands: Wrangler®, Lee® and Helly Hansen®. Kontoor Brands is a purpose-led organization focused on leveraging its global platform, strategic sourcing model and best-in-class supply chain to drive brand growth and deliver long-term value for its stakeholders. For more information about Kontoor Brands, please visit www.KontoorBrands.com. Contacts...
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02.06.25 - 12:51
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Kontoor Brands Completes Acquisition of Helly Hansen® (Business Wire)
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GREENSBORO, N.C.--(BUSINESS WIRE)--$KTB--Kontoor Brands, Inc. (NYSE: KTB) today announced that it has completed the previously announced acquisition of Helly Hansen, the global outdoor and workwear brand.
“Today marks an exciting step forward for Kontoor as we expand our portfolio of iconic consumer brands. The acquisition of Helly Hansen will increase our growth profile, drive greater category, channel and geographic diversification, and increase our penetration in the attractive outdoor and workwear markets,” said Scott Baxter, President, Chief Executive Officer and Chairman of Kontoor Brands. “I want to thank the entire Helly Hansen team for their partnership as we have worked toward this exciting milestone. Together, I am more confident than ever we will create significant long-term value for our shareholders.”
Helly Hansen is expected to be immediately accretive to the Company's revenue, adjusted earnings per share and cash flow in fiscal 2025, consistent with the Company's outlook provided...
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