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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 expands its All Terrain Gear - ATG by Wrangler® line with the introduction of the ATG Wrangler Angler™ Collection, targeting the growing interest in recreational fishing. This collection combines functionality with style, featuring moisture-wicking fabrics and UPF protection. According to the Recreational Boating and Fishing Foundation, 18% of the U.S. population fished at least once in 2020, highlighting the sport's increasing popularity. Wrangler aligns with Major League Fishing as an official sponsor, enhancing brand visibility in the fishing community.
Kontoor Brands (KTB) reported Q1’22 revenue of $680 million, a 4% increase year-over-year, surpassing expectations. GAAP EPS stood at $1.40, up from $1.09 in Q1’21, with revised 2022 revenue guidance exceeding $2.7 billion, a 10% growth compared to 2021. Despite macroeconomic challenges, the company noted strong demand in digital sales, particularly a 38% increase in own.com revenue. Gross margin decreased 130 basis points to 44.8%, due to elevated transitory expenses. KTB announced a quarterly dividend of $0.46 and returned $49 million to shareholders in Q1.
Kontoor Brands, Inc. (NYSE: KTB) has announced the appointment of Tom Doerr as Executive Vice President, General Counsel & Corporate Secretary starting June 6, 2022. Doerr will oversee legal and business functions, ensuring compliance and crisis management, while serving as counsel to the Board of Directors. He brings 20 years of experience, having previously held senior legal roles at The Manitowoc Company, enhancing Kontoor's growth strategy. CEO Scott Baxter emphasized the importance of Doerr's legal expertise in delivering results for customers and shareholders.
Kontoor Brands, Inc. (NYSE: KTB) has declared a regular quarterly cash dividend of
Kontoor Brands, Inc. (NYSE: KTB) plans to announce its first quarter 2022 financial results on May 5, 2022, at 6:50 a.m. ET. Following the release, management will hold a conference call at 8:30 a.m. ET to discuss the results. The call will be accessible live and archived on the company's investor relations website. Kontoor Brands is known for its iconic brands, Wrangler and Lee, and focuses on delivering quality products while driving growth and long-term value for stakeholders.
Wrangler has launched the Wrangler Reborn™ collection, featuring vintage denim from the 1950s to 2000s, coinciding with the brand's 75th anniversary. This curated collection includes iconic styles like the 13MWZ Cowboy Cut® and Cowboy Cut® 0936, showcasing the brand's commitment to quality and sustainability. The collection supports WeCare Wrangler™, promoting circularity in fashion by reselling older denim. Wrangler aims to connect with younger audiences and celebrate their heritage through timeless, durable pieces.
Kontoor Brands, Inc. (NYSE: KTB), a global lifestyle apparel company, has announced key executive leadership changes. Chris Waldeck has been appointed as Co-Chief Operating Officer and will oversee international markets and Direct to Consumer channels for the Lee brand. Similarly, Tom Waldron has been named Co-Chief Operating Officer for the Wrangler brand, focusing on operations, product development, and innovation. CEO Scott Baxter highlighted the need for alignment and strategic focus during the company's transition towards growth.
Wrangler® has announced the expansion of its Rooted Collection® for Spring '22, featuring jeans and shirts made from U.S.-grown sustainable cotton.
New offerings include men’s and women’s jeans and state-specific jeans for Alabama, California, North Carolina, and Texas.
This initiative aims to honor local farmers, promote sustainable practices, and enhance supply chain transparency.
Wrangler targets 100% sustainable cotton usage by 2025 through its WeCare Wrangler™ platform, ensuring each cotton source is traceable.
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