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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.
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.
Kotnor Brands, Inc. (NYSE: KTB) has appointed Ezio Garciamendez as Senior Vice President and Chief Supply Chain Officer, effective November 1, 2022. Garciamendez will oversee all supply chain aspects, including operations, planning, and logistics, reporting to Tom Waldron, Executive Vice President and Co-Chief Operating Officer. With over 20 years in consumer-packaged goods, his prior experience includes Global Operations SVP at Melaleuca and roles at Procter and Gamble. This leadership change aims to enhance Kontoor's operational excellence and competitive advantage in supply chain management.
Wrangler announces an exclusive collection in collaboration with Leon Bridges to celebrate its 75th anniversary. The Leon Bridges x Wrangler Collection features 29 pieces inspired by Wrangler's archives and Bridges' Texas roots. Items include men's and women's denim jeans, jackets, and unique designs incorporating Bridges' initials. Prices range from
Wrangler has launched a new collegiate apparel collection in partnership with The University of Texas, celebrating its 75th anniversary. The collection includes collaboration with current and former athletes such as Quinn Ewers and features a range of customized gear for game days. The project aims to resonate with college sports enthusiasm, and additional partnerships will expand to 31 institutions by September. The collection will be available online and at major retailers like Dick’s Sporting Goods and Kohl’s.
Kontoor Brands (NYSE: KTB) reported Q2'22 revenues of $614 million, up 25% compared to Q2'21 and 27% in constant currency. The GAAP EPS rose to $1.09 from $0.40 year-over-year, aligning with guidance. However, the 2022 revenue outlook is revised down to 6% growth compared to prior 10%% guidance, and adjusted EPS is now projected between $4.40 to $4.50, down from $4.75 to $4.85. Challenges include supply chain pressures and COVID lockdowns impacting international performance.
Kontoor Brands, Inc. (NYSE: KTB) has declared a quarterly cash dividend of $0.46 per share, payable on September 19, 2022. Shareholders on record as of the close of business on September 9, 2022 will receive this dividend. As a global leader in lifestyle apparel, Kontoor emphasizes brand growth and stakeholder value through iconic brands like Wrangler and Lee. This solid dividend reflects the company's commitment to returning value to its shareholders.
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