secwatch.observer — SEC 8-K summary
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Issuer:     Kontoor Brands, Inc. (KTB)
CIK:        0001760965
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0001760965-22-000040
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kontoor Q2 revenue $614M (+25% YoY) misses guidance; cuts FY22 outlook
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- Q2 revenue $614M vs guidance of $640-650M; +25% reported, +27% constant currency.
- Q2 GAAP EPS $1.09 vs $0.40 YoY, in line with guidance of $1.05-1.15.
- FY22 revenue growth cut to +6% (prior ~10%); adjusted EPS lowered to $4.40-4.50 (prior $4.75-4.85).
- Outlook includes $0.25 EPS restructuring charge for European HQ relocation and global operating model transformation.
- H1'22 vs H1'19: Wrangler US revenue +19%, Lee US revenue +14%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1760965/000176096522000040/0001760965-22-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1760965/000176096522000040/ktb-20220804.htm
  HTML page:      https://secwatch.observer/filing/0001760965-22-000040

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer