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Kontoor Brands Inc

KTB

Equity

ISIN US50050N1037 / Valor 47714497

New York Stock Exchange, Inc (2025-03-14)
USD 62.36+4.79%

Kontoor Brands Inc
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About company

Kontoor Brands Inc is a global lifestyle apparel company that is publicly traded on the New York Stock Exchange under the ticker symbol KTB. The company's portfolio is anchored by two well-known consumer brands, Wrangler and Lee. With a focus on denim and casual wear, Kontoor Brands Inc caters to a wide range of customers around the world. Based in Greensboro, North Carolina, the company has a long history in the apparel industry and continues to innovate and adapt to changing consumer preferences.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Latest Results (27.12.2024):

Revenue Growth

Kontoor Brands Inc. reported a revenue of $670 million for the third quarter of 2024, marking a 2 percent increase compared to the same period in the previous year. This growth was primarily driven by an increase in global direct-to-consumer and U.S. wholesale sales, although it was partially offset by a decline in international wholesale revenue.

Profitability and Earnings

The company achieved a reported earnings per share (EPS) of $1.26, with an adjusted EPS of $1.37, reflecting a 12 percent increase compared to the prior year. The adjusted gross margin improved by 150 basis points to 45.0 percent, excluding the out-of-period duty charge, driven by lower product costs and supply chain efficiencies.

Inventory and Shareholder Returns

Kontoor Brands Inc. successfully reduced its inventory by 24 percent compared to the previous year, ending the quarter with $462 million in inventory. The company also repurchased $40 million worth of shares and declared a regular quarterly cash dividend of $0.52 per share, a 4 percent increase from the second quarter of 2024.

Balance Sheet and Liquidity

At the end of the third quarter, Kontoor Brands Inc. held $269 million in cash and cash equivalents, with $745 million in long-term debt. The company had no outstanding borrowings under its Revolving Credit Facility, with $494 million available for borrowing, demonstrating strong liquidity and financial flexibility.

Updated 2024 Outlook

Kontoor Brands Inc. raised its full-year 2024 financial outlook, now expecting revenue to reach $2.60 billion. The company anticipates an adjusted gross margin of 45.1 percent, driven by lower product costs and supply chain efficiencies. Adjusted operating income is projected to be $385 million, reflecting an 11 percent increase compared to the prior year.

Summarized from source with an LLMView Source

Key figures

4.98%1Y
43.0%3Y
125%5Y

Performance

36.7%1Y
41.3%3Y
51.0%5Y

Volatility

Market cap

4699 M

Market cap (USD)

Daily traded volume (Shares)

1,056,793

Daily traded volume (Shares)

1 day high/low

85.85 / 84

1 day high/low (USD)

52 weeks high/low

0.00 / 0.00

52 weeks high/low (USD)

Dividend ex-date

01 January, 2022

Dividend ex-date

Dividend

0.00

Dividend (USD)

Dividend yield (p.a.)

0.00%

Dividend yield (p.a.)

0.002022
0.002023
0.002024

Est dividend (USD)

0.00%2022
0.00%2023
0.00%2024

Est dividend yield

P/E ratio

10.00

P/E ratio

00.002022
00.002023
00.002024

Est P/E ratio

EPS

0.00

EPS (USD)

0.002022
0.002023
0.002024

Est EPS (USD)

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