UPDATE 1-Lee, Wrangler jeans maker Kontoor beats profit estimates as cost cuts pay off [Reuters]
Kontoor Brands, Inc. (KTB)
Last kontoor brands, inc. earnings: 3/5 06:50 am
Check Earnings Report
Company Research
Source: Reuters
Lee, Wrangler jeans maker Kontoor beats profit estimates as cost cuts pay off - Reuters 2 Min Read (Reuters) - Kontoor Brands Inc ( KTB.N ) reported a better-than-expected quarterly profit on Thursday as the denim apparel maker’s efforts to cut costs post its spinoff from VF Corp ( VFC.N ) paid off. The separation from Vans shoe maker VF Corp that was completed in May is allowing Kontoor to focus on improving its Lee and Wrangler businesses by streamlining its supply chain and sourcing from less expensive suppliers. The company’s total costs and operating expenses fell about 5% in the second quarter. “The restructuring and cost savings actions we’ve taken ... are paying off and are setting the foundation for improved profitability in the second half of 2019,” Chief Executive Officer Scott Baxter said in a statement. The company’s net income fell 37.2% to $38 million, or 67 cents per share, in the quarter ended June 29. Excluding certain items, the company earned 96 cents per share
Show less
Read more
Impact Snapshot
Event Time:
KTB
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
KTB alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
KTB alerts
High impacting Kontoor Brands, Inc. news events
Weekly update
A roundup of the hottest topics
KTB
News
- Wrangler Grows Its Retail Footprint in India [Yahoo! Finance]Yahoo! Finance
- Is Atour Lifestyle Holdings Limited Sponsored ADR (ATAT) Outperforming Other Consumer Discretionary Stocks This Year? [Yahoo! Finance]Yahoo! Finance
- A New Lee® and Alpha Industries Collaboration Takes FlightBusiness Wire
- The AI revolution is here but it's still ‘pretty nascent' and ‘a little clumsy', private equity firm managing partner says [Fortune]Fortune
- Kontoor Brands' (NYSE:KTB) Shareholders Will Receive A Bigger Dividend Than Last Year [Yahoo! Finance]Yahoo! Finance
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