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Kontoor Brands, Inc. - KTB STOCK NEWS

Welcome to our dedicated page for Kontoor Brands news (Ticker: KTB), a resource for investors and traders seeking the latest updates and insights on Kontoor Brands stock.

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.

News

Yellow Rose by Kendra Scott Collaborates with Wrangler® on Limited-Edition Jewelry and Apparel Collection

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Kendra Scott and Wrangler have announced a collaboration to launch a limited-edition collection featuring jewelry and apparel that celebrates ranch culture and the spirit of the American West. The collaboration includes turquoise embellishments and embroidered rose motifs and aims to bring the iconic look and feel of Wrangler to Yellow Rose by Kendra Scott. 20% of the purchase price of a specific bracelet will be donated to the National FFA Organization, and Wrangler is also donating $10,000 to support scholarships in connection with this collaboration.
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Kontoor Brands Announces $300 Million Share Repurchase Program

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Kontoor Brands, Inc. (NYSE: KTB) has announced a $300 million share repurchase program, replacing the existing program. The company aims to enhance capital allocation optionality and deliver superior Total Shareholder Return over time. The program does not have an expiration date and will be funded through cash flow generated from operations.
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Kontoor Brands Foundation Awards its 2023 Grants to Seven Leading Non-Profits Advancing Food and Housing Security in Greensboro, North Carolina

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Kontoor Brands Foundation (KTB) Announces Grants to Seven Nonprofit Organizations in Greensboro, NC Addressing Food and Housing Security. The 2023 recipients were chosen for their innovative efforts to provide lifelong education opportunities and care for local community members. Kontoor Brands Foundation aims to fund qualifying nonprofit organizations working in the areas of food and housing security and improving access to education in the greater Greensboro community.
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Love of Whiskey and Denim Inspires Exclusive Capsule Collection From Wrangler® and Buffalo Trace

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Wrangler (WRC) Announces Limited Clothing Line Collaboration with Buffalo Trace Bourbon, Featuring Distinctive Designs and Premium Quality. The press release highlights the partnership between Wrangler and Buffalo Trace Bourbon to create a limited line of clothing that embodies the shared values of craftsmanship, heritage, and authenticity. The collection includes jackets, pullovers, shirts, tees, and aprons inspired by the outdoor lifestyle and textile needs of bourbon-makers. The collaboration showcases a modern and versatile range for men and women, with premium design elements, color palettes, and denim washes that emulate an oak-aged look and feel. The partnership aims to capture a modern consumer with style-forward functionality, combining Wrangler's timeless quality with Buffalo Trace's legacy of innovation and craftsmanship.
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Kontoor Brands Reports 2023 Third Quarter Results; Updates 2023 Outlook

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Kontoor Brands, Inc. reported Q3'23 revenue of $655 million, an 8% increase compared to Q3'22. Gross margin decreased to 41.5% due to duty expense and proactive inventory management. Q3'23 EPS was $1.05, including a $0.17 charge from duty expense. Full year 2023 outlook includes a 1% revenue increase, adjusted gross margin of 42.5%, and adjusted EPS of $4.35.
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Kontoor Brands Declares Quarterly Dividend of $0.50 Per Share, a 4 Percent Increase

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Kontoor Brands, Inc. announces an increase in its regular quarterly cash dividend of $0.50 per share, representing a 4 percent increase. The dividend will be payable on December 18, 2023.
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Wrangler® Bottles New Fragrance in Collaboration with Tru Western

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Wrangler and Tru Western launch new line of cologne and perfume
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Kontoor Brands Announces Third Quarter 2023 Earnings and Conference Call Date

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Kontoor Brands, Inc. plans to release its Q3 2023 financial results on November 2, 2023.
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Kontoor Brands Surpasses 10 Billion Liter Water Savings Goal Two Years Ahead of Schedule, Thanks to Indigood® Program

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Kontoor Brands surpasses 2025 water savings goal of saving over 10 billion liters of freshwater since 2008 through its Indigood Program, which reduced freshwater consumption in the dyeing process by up to 90%. The company has partnered with more than 30 mills globally and its Torreon plant in Mexico uses zero fresh water in its laundry process, saving 250 million liters of water annually. Kontoor's commitment to sustainability and water conservation is a positive for the company's image and may attract environmentally conscious investors.
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Wrangler® and Barbie® Launch Collection of Coordinating Denim, Jackets, Tops, Tees, and Dresses for Women and Girls

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Wrangler x Barbie collaboration celebrates two brands with similar heritage, encouraging women and girls to be strong and confident.
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FAQ

What is the current stock price of Kontoor Brands (KTB)?

The current stock price of Kontoor Brands (KTB) is $87.85 as of November 21, 2024.

What is the market cap of Kontoor Brands (KTB)?

The market cap of Kontoor Brands (KTB) is approximately 4.9B.

What are the primary brands under Kontoor Brands, Inc.?

The primary brands under Kontoor Brands, Inc. are Wrangler and Lee.

Where does Kontoor Brands generate most of its revenue?

Most of Kontoor Brands’ revenue is generated from the United States.

How does Kontoor Brands distribute its products?

Kontoor Brands distributes its products through both brick-and-mortar retailers and e-commerce platforms.

What segment contributes the most to Kontoor Brands' revenue?

The Wrangler segment contributes the most to Kontoor Brands' revenue.

Does Kontoor Brands have an international presence?

Yes, Kontoor Brands has a robust international presence, extending its market reach globally.

What is Kontoor Brands' approach to manufacturing?

Kontoor Brands manufactures its products in both owned and leased facilities, ensuring quality control and efficient production.

How does Kontoor Brands ensure product quality?

Kontoor Brands ensures product quality through stringent control measures in its owned and leased manufacturing facilities.

What recent initiatives has Kontoor Brands undertaken?

Recent initiatives include strategic partnerships and innovative product launches under the Wrangler and Lee brands.

How does Kontoor Brands stay relevant in the fashion industry?

Kontoor Brands stays relevant by blending tradition with modern trends and continuously adapting to the changing fashion landscape.

What is the mission of Kontoor Brands?

The mission of Kontoor Brands is to create high-quality apparel that allows people to express themselves with confidence and freedom.

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Kontoor Brands, Inc.

NYSE:KTB

KTB Rankings

#1325 Ranked by Market Cap
#1241 Ranked by Dividends

KTB Stock Data

4.85B
54.15M
1.79%
95.46%
6.92%
Apparel Manufacturing
Men's & Boys' Furnishgs, Work Clothg, & Allied Garments
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United States of America
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