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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.
The Board of Directors at Kontoor Brands (NYSE: KTB) announced the appointment of Robert Lynch as a director, effective March 5, 2021. Lynch, the current President and CEO of Papa John’s International, brings over 20 years of leadership experience in consumer goods and quick-service restaurants. His appointment is expected to drive growth and innovation for Kontoor's iconic brands, Wrangler and Lee. Lynch will also serve on the Audit and the Talent and Compensation Committees, leveraging his proven track record in strategic change and brand growth to enhance Kontoor's market position.
Kontoor Brands, Inc. (NYSE: KTB) has announced a quarterly cash dividend of $0.40 per share, set to be paid on March 19, 2021. Shareholders of record by the end of business on March 9, 2021 will be eligible for the payment. Kontoor Brands, known for iconic brands like Wrangler and Lee, focuses on delivering high-quality apparel while promoting brand growth and long-term stakeholder value.
Kontoor Brands, Inc. (NYSE: KTB) is set to release its fourth quarter 2020 financial results on March 2, 2021, at approximately 6:50 a.m. ET. Following the results announcement, management will host a conference call at 8:30 a.m. ET to discuss the results in depth. This call will be available for live streaming and will also have an archived version accessible later. Kontoor Brands specializes in lifestyle apparel under the renowned brands Wrangler and Lee, aimed at delivering quality products and driving long-term stakeholder value.
Wrangler® and Pottery Barn Teen have partnered to launch a new Wrangler x Pottery Barn Teen Collection, marking Wrangler's return to home design. The collection features textiles, furniture, and accessories inspired by Wrangler’s western heritage. Products include sheet sets, quilts, and various denim items, incorporating sustainable materials like recycled denim and water bottles. Wrangler aims to engage consumers while promoting sustainability and authentic western spirit.
Kontoor Brands (NYSE: KTB) has announced the expansion of its Wrangler brand into China, utilizing a digital-first approach through Tmall, a leading online retailer. This initiative aligns with Kontoor's strategic priority of entering new markets and underscores its commitment to accelerating brand growth. The brand's presence in China, one of the fastest-growing consumer markets, is seen as a pivotal step. Initial product offerings are live, and the company plans further marketing activations in spring 2021 to enhance brand awareness among Chinese consumers.
Wrangler has launched a new collaboration with Adult Swim's Rick and Morty, featuring a custom-designed laser-etched jacket and an exclusive t-shirt inspired by the show. This collection, available exclusively on Wrangler.com starting November 10, showcases unique artwork created by the Rick and Morty creative team. Prices range from $29 to $79, coinciding with the upcoming virtual Adult Swim Festival.
Wrangler, part of Kontoor Brands (NYSE: KTB), has a long history in authentic American style and continues to embrace pop culture to engage new audiences.
Kontoor Brands, Inc. (NYSE: KTB) has rescheduled its conference call to discuss third quarter 2020 results to today, October 29, 2020, at 2:00 p.m. Eastern Time, due to a network outage. The live broadcast will be available on the company’s investor page, with an archived version following for those who cannot attend.
Kontoor Brands is recognized for its iconic consumer brands, Wrangler and Lee, and focuses on delivering high-quality apparel while driving brand growth and long-term value for stakeholders.
Kontoor Brands, Inc. (KTB) reported Q3 2020 financial results, with revenue of $583 million, a 9% decline year-over-year, primarily due to COVID-19. Despite challenges, U.S. digital sales grew significantly, increasing 68% in wholesale and 43% online. The company reinstated a quarterly dividend of $0.40 per share, payable on December 18, 2020. Gross margin improved to 44.2%, driven by cost management. The outlook for Q4 anticipates sequential revenue improvement, with adjusted EPS projected between $2.25 and $2.35 for the year, supported by strong cash flow generation and aggressive debt paydown.
Lee, a renowned apparel brand, announced its collaboration with AppHarvest to become the exclusive denim provider for employees at AppHarvest's new high-tech greenhouse in Morehead, Kentucky. This 60-acre facility represents one of the largest controlled environment agriculture operations globally, fostering sustainable agricultural practices. Lee aims to provide purposefully designed workwear, with a focus on sustainability and innovation. Both companies share goals to reduce water usage and promote circular agricultural practices.
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