Kontoor Brands ( (KTB) ) has released its Q4 earnings. Here is a breakdown of the information Kontoor Brands presented to its investors.
Kontoor Brands, Inc., a global lifestyle apparel company known for its iconic Wrangler and Lee brands, designs, manufactures, and distributes high-quality apparel worldwide. In its latest earnings report, Kontoor Brands announced a 4% increase in fourth-quarter revenue to $699 million, driven by growth in direct-to-consumer and wholesale channels. The company’s adjusted gross margin improved to 44.7%, and adjusted operating income rose by 17% to $101 million. For the full year, revenue remained steady at $2.61 billion, with adjusted EPS increasing by 10% to $4.89. Kontoor Brands also reported a significant 22% reduction in inventory levels and returned $198 million to shareholders through dividends and share repurchases. Looking ahead to 2025, Kontoor Brands projects revenue growth of 1% to 3%, with adjusted EPS expected to rise by 6% to 8%. The company remains optimistic about its ability to drive shareholder value, supported by strategic initiatives and the anticipated acquisition of Helly Hansen.