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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.

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Lee® announces its first unisex apparel collaboration with ROARINGWILD®, featuring a global unisex capsule that merges Lee®'s denim shapes with ROARINGWILD®'s energy. The collection is inspired by the nostalgia of the '80s art and electronic music scene. The products range in price from $80 to $230 and are available on Lee®'s websites and owned stores in the US and Europe, as well as ROARINGWILD® owned stores and websites in China and select markets.
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Lee® launches reimagined women's Lee Rider Jean, combining modern construction with iconic details. Available in two styles, retails between $88-$108, sizes 24-35. Available on Lee.com and select retailers.
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STAUD announces collaboration with Wrangler, combining modern California aesthetic with Wrangler's denim authority. Collection features classic Americana-style with contemporary design. Limited collaboration available online and in stores, prices range from $95-$350.
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Kontoor Brands announces retirement of CFO and appointment of new CFO
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Kontoor Brands reports Q2'23 revenue of $616 million, flat compared to Q2'22. Gross margin decreased to 40.6% and adjusted EPS decreased to $0.77. Inventory increased 17% over Q2'22. FY'23 revenue expected to increase at a low-single digit percentage compared to FY'22. Adjusted gross margin expected to be in the range of 43.5% to 44.0%. Adjusted EPS expected to be in the range of $4.55 to $4.75. Inventory expected to decline in Q3'23 and further reductions planned in Q4'23.
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Kontoor Brands, Inc. (NYSE: KTB) has declared a regular quarterly cash dividend of $0.48 per share of its common stock. The dividend will be payable on September 18, 2023, to shareholders of record at the close of business on September 8, 2023.
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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.

Kontoor Brands, Inc.

NYSE:KTB

KTB Rankings

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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