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-0.000695088044485661 -0.000695088044485661 -0.000926784059314215 -0.00540624034599951 -0.00509731232622818 0.00463392029657085 0.00463392029657085 0.00463392029657085
Stock impact report

Kontoor Brands sees Q4 2024 market share gains, record returns [Yahoo! Finance]

Kontoor Brands, Inc. (KTB) 
Last kontoor brands, inc. earnings: 3/5 06:50 am Check Earnings Report
Company Research Source: Yahoo! Finance
“Our better than expected fourth quarter was driven by stronger revenue, earnings, and cash generation. I want to thank our colleagues around the globe, who continue to execute at a high level,” stated Scott Baxter, president and chief executive officer of Kontoor Brands. Net revenues for full year 2024 was $2.60bn, mirroring the performance of the previous year. The company's growth in the US and direct-to-consumer global sales balanced out a dip in international wholesale figures. During the fiscal ended 31 December 2024, the company's US market saw a modest revenue increase of 1%, reaching $2.09bn, while international revenue experienced a 5% drop to $521m compared to the prior year. Wrangler brand witnessed a global decline of 3% to $1.81bn in FY24, with US revenue for Wrangler climbing by 3%, spurred by direct-to-consumer and wholesale growth. However, international revenue for Wrangler dipped by 1%, attributed to a 3% fall in wholesale which was somewhat mitigated by Show less Read more
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