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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, a leader in jeanswear, has announced a partnership with Infinited Fiber Company to introduce Infinna™, a regenerated fiber made from textile waste, into its Fall 2021 denim collection. This sustainable line features innovations like Indigood™, which reduces wastewater by over 99%, and e-flow technology for lower environmental impact. This partnership represents a commitment to circularity and sustainability in the apparel industry, with Wrangler focusing on reducing water and chemical use while maintaining product quality.
Wrangler has launched its fall/winter 2021 advertising campaign, “For the Ride of Life,” designed by Emmy-nominated
The Board of Directors of Kontoor Brands (NYSE: KTB) has elected Scott Baxter as Board Chair, effective immediately, in addition to his role as CEO. Baxter succeeds Robert Shearer, who will remain on the Board as Lead Independent Director. Baxter, with over 30 years of experience in retail and operations, was appointed CEO in August 2018 following the separation of VF Corporation's Jeanswear division. The Board expresses confidence in Baxter’s leadership as the company focuses on its Horizon Two growth strategy.
Kontoor Brands (KTB) reported strong Q2 2021 results with revenue of $491 million, up 41% year-over-year. The growth was driven by digital sales, U.S. wholesale, and international markets. Adjusted EPS rose to $0.70 from a loss of $0.22, while gross margin improved by 760 basis points to 46.1%. The company raised its 2021 revenue guidance to $2.39-$2.42 billion. A $200 million share repurchase program was also announced, reflecting strong cash flow. However, revenue is still 19% below Q2 2019 levels due to past strategic actions and COVID-19 impacts.
Billabong and Wrangler have launched their first collaboration, the Billabong x Wrangler Collection. This collection merges vintage surf aesthetics with western influences, debuting in time for the back-to-school season. Featuring sustainable materials like recycled P.E.T. and organic cotton, the launch includes over 40 styles for men and women, embodying the spirit of the ’70s. Billabong's historical ties to Wrangler are highlighted, showcasing a unique blend of both cultures.
Kontoor Brands, Inc. (NYSE: KTB) has appointed Mame Annan-Brown as Executive Vice President of Global Communications and Public Affairs, effective August 11, 2021. Annan-Brown brings over two decades of experience in corporate communications, previously serving at the International Finance Corporation and JPMorgan Chase. She will lead global corporate communications, media relations, and government affairs, aiming to enhance Kontoor's industry positioning amidst complex policy changes. This strategic addition is expected to support the company's growth and stakeholder engagement.
Kontoor Brands, Inc. (NYSE: KTB) has announced a quarterly cash dividend of $0.40 per share, payable on September 20, 2021, to shareholders of record as of September 10, 2021. This dividend reflects the company's commitment to delivering value to its shareholders. Kontoor Brands operates global lifestyle apparel brands like Wrangler® and Lee®, focusing on high-quality products that resonate with consumers, enhancing brand growth and stakeholder value.
Kontoor Brands, Inc. (NYSE: KTB) will release its second quarter 2021 financial results on August 5, 2021, at approximately 6:50 a.m. ET. Following the release, management will host a conference call at 8:30 a.m. ET to review the results. The call will be broadcast live and accessible on the company's investor relations website. Kontoor Brands is known for its iconic brands, Wrangler and Lee, and aims to drive brand growth while delivering long-term value for its stakeholders.
Kontoor Brands, Inc. (NYSE: KTB) will host an investor meeting today, May 24, 2021, at 2:30 p.m. ET. The virtual event will feature President and CEO Scott Baxter, CFO Rustin Welton, and the leadership team discussing strategies for “Catalyzing Growth” aimed at long-term sustainability and value for stakeholders. The meeting is expected to last 2.5 to 3 hours and will include a Q&A session. Access to the live broadcast and an archived version will be available at kontoorbrands.com/investors.
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