Kontoor Brands Reports 2024 Third Quarter Results; Raises Full Year Outlook
Kontoor Brands, Inc. (KTB)
Last kontoor brands, inc. earnings: 3/5 06:50 am
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Source: Business Wire
Third Quarter 2024 HighlightsRevenue of $670 million increased 2 percent compared to prior yearReported gross margin was 44.7 percent. Adjusted gross margin was 45.0 percent and increased 150 basis points compared to prior year on a reported basis, excluding the out-of-period duty charge in that periodReported EPS was $1.26. Adjusted EPS of $1.37 increased 12 percent compared to prior year on a reported basis, excluding the out-of-period duty charge in that periodInventory decreased 24 percent compared to prior yearThe Company repurchased $40 million of sharesAs previously announced, the Company’s Board of Directors declared a regular quarterly cash dividend of $0.52 per share, a 4 percent increase compared to Q2’24Updated Full Year 2024 Financial OutlookRevenue is now expected to be $2.60 billion ($2.57 to $2.63 billion prior outlook)Adjusted gross margin is now expected to be 45.1 percent (44.8 percent prior outlook), representing an increase of 260 basis points compared to the prio
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KTB
Earnings
- 10/31/24 - Beat
KTB
Sec Filings
- 11/21/24 - Form 4
- 11/20/24 - Form 144
- 11/20/24 - Form 144
- KTB's page on the SEC website