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Kontoor Brands, Inc. (NYSE: KTB) is a global lifestyle apparel company known for its iconic brands, Wrangler and Lee. With a focus on superior high-quality products, Kontoor Brands designs, manufactures, and distributes clothing that not only looks good but also fits perfectly. This commitment gives people worldwide the freedom and confidence to express themselves through fashion.
Operating through a combination of owned and leased manufacturing facilities, Kontoor Brands ensures stringent quality control and efficient production processes. The company’s distribution strategy is diverse, encompassing both brick-and-mortar retail locations and dynamic e-commerce platforms.
The financial strength of Kontoor Brands is primarily driven by its Wrangler segment, with a significant portion of its revenue generated from the United States. However, the company also maintains a robust international presence, extending its market reach and consumer base worldwide.
Recent developments include strategic partnerships and innovative product launches under the Wrangler and Lee brands. These initiatives are aimed at expanding market share, enhancing brand loyalty, and meeting the evolving preferences of global consumers.
Kontoor Brands is not just about apparel; it's about crafting a lifestyle. By blending tradition with modern trends, the company continuously adapts to the ever-changing fashion landscape, ensuring relevance and appeal across generations.
For the latest updates and relevant information about Kontoor Brands, including financial performance, new product releases, and corporate announcements, please follow news from credible sources such as the company’s official releases.
Wrangler and Whataburger have announced a new collaborative apparel collection ahead of the Texas rodeo season. The 33-piece collection combines Wrangler's classic American denim style with Whataburger's distinctive orange-and-white branding.
The collection includes denim vests with branded patches, orange-and-white striped shorts and jeans, trucker jackets featuring Whataburger's 'Flying W,' and hamburger-inspired hoodies, graphic tees, and hats. Prices range from $34.99 to $89.99, and items are available on Wrangler.com and Whatastore.com.
This partnership emphasizes both brands' connection to Texas culture and their commitment to quality and authenticity, representing a new approach to Western style with a contemporary twist.
Kontoor Brands (NYSE: KTB) reported strong preliminary Q4 2024 results, with revenue reaching $699 million, a 4% increase year-over-year (5% on constant currency). The company's Q4 2024 reported gross margin was 43.7%, with adjusted gross margin of 44.7% showing a 160 basis points improvement compared to the previous year.
Q4 2024 reported EPS was $1.14, while adjusted EPS reached $1.38, representing a 2% increase year-over-year. Notably, when excluding prior year's discrete tax benefit, Q4 2024 adjusted EPS increased by approximately 23%. The company generated strong cash flow from operations of approximately $368 million for the full year 2024, while year-end inventory decreased by 22% to $390 million compared to the previous year.
Kontoor Brands (NYSE: KTB) has announced a definitive agreement to acquire Helly Hansen, a global outdoor and workwear brand, from Canadian Tire for approximately $900 million. The acquisition is expected to accelerate Kontoor's revenue, earnings growth, and cash flow profile.
Helly Hansen is projected to generate over $680 million in revenue and $80 million in adjusted EBITDA for full year 2025. The purchase price reflects an approximate 11x transaction multiple based on the 2025 adjusted EBITDA outlook, excluding synergies.
The transaction, expected to close in Q2 2025, will be funded through a combination of cash on hand and new debt financing. Kontoor expects net leverage to be less than 3x trailing twelve months' pro forma adjusted EBITDA at closing, with a return to targeted leverage range of 1.0x-2.0x within 12 months.
Kontoor Brands (NYSE: KTB), the global lifestyle apparel company behind iconic brands Wrangler® and Lee®, has announced its Board of Directors' declaration of a regular quarterly cash dividend. Shareholders will receive $0.52 per share of common stock, payable on March 20, 2025. To be eligible, shareholders must be on record at the close of business on March 10, 2025.
The company designs, manufactures, distributes, and licenses high-quality apparel products globally, operating with a strategic sourcing model and supply chain to drive brand growth and deliver long-term stakeholder value.
Kontoor Brands (NYSE: KTB), the global lifestyle apparel company behind Wrangler® and Lee® brands, has scheduled its fourth quarter 2024 financial results release for Tuesday, February 25, 2025, at approximately 6:50 a.m. ET.
The company will host a conference call at 8:30 a.m. ET on the same day to review the results. The call will be broadcast live and made accessible through kontoorbrands.com/investors, with an archived version available afterward at the same location.
Lee has launched Lee X, a new product platform that integrates advanced fabric technology and modern design. Building on their successful Extreme Motion line, Lee X features enhanced comfort and performance elements including stretch fabric, flex waistbands, and an updated gusset. The platform incorporates TruTemp™365® technology for temperature regulation and sustainable materials like recycled apple skin patches.
The platform includes three collections: Lee X Move (designed for all-day wear with premium easy-care fabric), Lee X Soft Denim (made with premium cotton, stretch fibers, and Tencel™ for exceptional softness), and Lee X Lite Non-Denim (featuring lightweight, breathable stretch fabric). Complementing shirts with water-repellent technology are also available. Products are priced from $40 for tops and $50 for bottoms, available on Lee.com and Amazon.com, with Lee X Lite launching in spring 2025.
Lee and Alpha Industries have launched a new global collaboration featuring an eight-piece capsule collection that combines military-inspired designs with heritage workwear. The collection includes iconic pieces like Alpha's MA-1 Bomber Jacket and Lee Rider™ denim jacket, reimagined with contemporary elements and indigo denim details.
The collection, priced from $60 to $310, is available in Lee and Alpha owned retail stores and websites in the US and select Asian markets. The collaboration celebrates both brands' American heritage and workwear roots while offering modern interpretations of classic designs.
Lee has launched a new line of handbags and totes manufactured by Montana West, marking its first entry into TikTok Shop. The collection features three designs made with denim and vegan leather, priced between $30 and $48. The line includes a Vegan Leather Top Handle Tote, Denim Canvas Wide Tote, and Denim Canvas Mini Tote/Crossbody, all featuring Lee's iconic logo. Available on Lee.com, MontanaWest.com, TikTok Shop, and Amazon, the collection aims to complement Lee's denim offerings and capitalize on the trending denim bag market for the holiday shopping season.
Kontoor Brands (KTB) reported strong Q3 2024 results with revenue increasing 2% to $670 million. Adjusted EPS grew 12% to $1.37, while adjusted gross margin expanded 150 basis points to 45.0%. The company demonstrated solid inventory management with a 24% reduction compared to prior year. Based on these results, KTB raised its full-year 2024 outlook, now expecting revenue of $2.60 billion, adjusted EPS of $4.83 (up 9% year-over-year), and cash from operations exceeding $360 million. The company returned $68 million to shareholders through dividends and share repurchases in Q3.
Kontoor Brands (NYSE: KTB) has announced a 4% increase in its quarterly cash dividend to $0.52 per share of common stock. The dividend will be payable on December 19, 2024, to shareholders of record as of December 9, 2024. The company's CEO Scott Baxter stated that this increase demonstrates management's confidence in their growth strategy and commitment to delivering superior cash returns to shareholders. Kontoor Brands operates globally with two major brands: Wrangler® and Lee®.
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