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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, the global denim icon, has launched the second installment of Wrangler Reborn™, a collection celebrating denim upcycling. This time, Wrangler collaborates with Beyond Retro, a brand of BVH Services, one of Europe's largest vintage retailers. The collection features sustainable versions of classic styles, including the Greensboro Straight Leg Jean, Reworked Short, Icon Jacket, and Heritage Shirt.
The Wrangler Reborn™ Collection transforms discarded denim into durable apparel, aiming to divert textile waste from landfills. Prices range from $90 to $180, and the collection is available on Wrangler.com and in selected stores globally. This initiative aligns with Wrangler's WeCare Wrangler™ sustainability goals and demonstrates the brand's commitment to circularity and sustainability in fashion.
Kontoor Brands (NYSE: KTB), a global lifestyle apparel company known for its Wrangler and Lee brands, will release its second quarter 2024 financial results on August 1, 2024, at 6:50 a.m. ET. Following this, the company’s management will host a conference call at 8:30 a.m. ET to discuss the results. The call will be accessible live via the company's investor website and will also be available as an archived version post-event. Kontoor Brands focuses on designing, manufacturing, distributing, and licensing high-quality apparel, leveraging their global platform and supply chain to drive growth and deliver long-term value for stakeholders.
Lee has announced a summer collaboration with footwear brand HEYDUDE, featuring actor Chase Stokes of 'Outer Banks' fame. This collection blends Lee's workwear heritage with HEYDUDE's playful designs, offering a variety of men's, women's, and unisex apparel and shoes.
The seven-piece collection includes items like the Men's Wally Lee Shoe, Women's Wendy Lee Shoe, Carpenter Shorts, and unisex t-shirts and hats. Prices range from $25 to $75. The collection is available on Lee.com, Amazon.com, and HEYDUDE.com.
Lee® has introduced its first golf collection for men, focusing on innovation and performance-stretch apparel. The Lee Golf Series offers versatile tops and bottoms suitable for both office and golf course wear, featuring motion flex waistbands, shirt gripper technology, and wrinkle-resistant, moisture-wicking fabric. The collection includes pants, shorts, and polos designed for comfort, style, and functionality, available at affordable prices.
Kontoor Brands, Inc. (NYSE: KTB) reported Q1 2024 results with revenue of $631 million, a 5% decrease. Adjusted gross margin increased to 45.7%, EPS was $1.16, and inventory decreased by 24%. The company raised its full-year outlook, expecting revenue of $2.57-$2.63 billion, adjusted gross margin of 44.6%, adjusted EPS of $4.70-$4.80, and cash flow exceeding $335 million.
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