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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.
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.
Kontoor Brands, Inc. (NYSE: KTB) announced it will release its Q2 2022 financial results on August 4, 2022, at approximately 6:50 a.m. ET. Following the announcement, a conference call will be held at 8:30 a.m. ET to discuss the results. This call will be available for live broadcast and archived for later access on the company’s investor relations website. Kontoor Brands, recognized for its iconic brands Wrangler and Lee, focuses on delivering high-quality apparel and driving long-term stakeholder value.
Lee, an iconic denim brand, kicks off the festival season as a category sponsor of the 2022 Bonnaroo Music & Arts Festival in Manchester, Tennessee, from June 16-19. The brand's sponsorship initiates with a private event in Nashville featuring a performance by Tai Verdes. Lee will showcase its commitment to originality with interactive experiences at Bonnaroo, including a custom patch station and the Original Lee Tree, crafted from over 900 square feet of scrap denim. A national sweepstakes offers ten attendees a chance to win passes to the festival, spotlighting major artists like Machine Gun Kelly and Stevie Nicks.
Wrangler® has launched a "75 Days of Summer" campaign to commemorate its 75th anniversary by partnering with iconic music festivals Lollapalooza (Chicago and Berlin) and the Austin City Limits Music Festival. This initiative includes a sweepstakes offering prizes over 75 days, interactive booths at festivals for exclusive denim merchandise, and personalization options for fans. The brand emphasizes its long-standing connection to music culture, showcasing its heritage in fashion and self-expression through music.
Kontoor Brands, Inc. (NYSE: KTB) appointed Andrew E. Page as a director, effective immediately. Page, formerly CFO at Foot Locker, brings over 30 years of finance experience in retail and apparel, which is expected to enhance stakeholder and shareholder value. He will also serve on the Audit Committee. Kontoor, known for its iconic brands Wrangler and Lee, aims to leverage its strategic sourcing and supply chain for long-term growth.
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