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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.
Kotoor Brands, Inc. (NYSE: KTB), a leading lifestyle apparel company known for its Wrangler® and Lee® brands, plans to release its fourth quarter 2022 financial results on February 28, 2023, at 6:50 a.m. ET. Following the release, management will hold a conference call at 8:30 a.m. ET to discuss the results, which will be available for live streaming on kontoorbrands.com/investors. For those unable to attend live, an archived version will be accessible later on the same website.
Wrangler announces a year-long sponsorship of Black Opry, a platform that advocates for Black artists in country and Americana music. This partnership includes supporting three concerts and highlighting Black performers on Wrangler's online and social media channels. Senior Director John Meagher emphasized the collaboration's importance in amplifying often overlooked Black country artists. Black Opry, founded in 2021, aims to reclaim the space of Black entertainers in the music industry, with founder Holly G expressing pride in partnering with a brand rooted in American music culture.
Wrangler has partnered with Pendleton Woolen Mills to launch the Wrangler x Pendleton Collection, showcasing western-inspired clothing made from durable denim, wool, and cotton.
This collection highlights craftsmanship and bold designs, reflecting the beauty of the American Southwest with prices ranging from $49-495. This collaboration marks the finale of Wrangler's 75th anniversary celebrations, emphasizing the brand's commitment to quality and heritage.
Wrangler has unveiled a limited edition collection called Wrangler Reissue, celebrating its 75-year heritage. The collection showcases reissued designs inspired by iconic pieces from the brand’s history. Highlights include the Selvedge Jacket, a replica from the 1960s, made from American-made selvedge denim, and the Cowboy Cut Comic Book Jean, inspired by 1950s comic books. Prices range from
Wrangler® announced the digital auction of a unique belt buckle, handmade by Montana Silversmiths, celebrating its diamond anniversary. Priced over
Kontoor Brands (KTB) reported Q3 2022 revenue of $607 million, down 7% from Q3 2021, attributed to U.S. retailer inventory rebalancing and COVID lockdowns in China. Adjusted EPS for the quarter was $1.11, slightly up from $1.07 year-over-year. The company revised its 2022 revenue growth forecast to 4%, down from 6%. Despite challenges, KTB noted strong sell-through for its brands and a dividend increase of 4%. Gross margin decreased to 43.5%, impacted by inflation and higher costs. KTB expects Q4 revenue acceleration due to improved inventory levels and ongoing digital growth.
Lee launches a new collection with The Brooklyn Circus, inspired by Black cowboy heritage. Available in the U.S. and Europe, the capsule combines archival designs with contemporary styles. The collection features items such as the Cowboy Jacket, Unisex Varsity Jacket, and Cowboy Jeans, priced between
Kontoor Brands, Inc. (NYSE: KTB) has declared a quarterly cash dividend of
Lee, the iconic American denim brand, has launched its 2022 campaign under the LeeOriginals platform, featuring renowned photographer Mark Seliger and Nashville songwriter Sam Tinnesz. This campaign aims to celebrate originality, highlighting individuals who redefine their paths. The digital campaign is promoted across social media, while targeted out-of-home advertising will occur in creative neighborhoods in NYC, LA, Chicago, and Atlanta. With a history spanning nearly 130 years, Lee continues to innovate in denim and casual apparel.
Kontoor Brands, Inc. (NYSE: KTB) is set to announce its third quarter 2022 financial results on November 3, 2022, at approximately 6:50 a.m. ET. Following the announcement, management will host a conference call at 8:30 a.m. ET to review the financial results. The call will be broadcast live and can be accessed via their investor relations website. Kontoor Brands operates with a focus on high-quality apparel under renowned brands like Wrangler and Lee and aims to deliver long-term value to its stakeholders.
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