secwatch.observer — SEC 8-K summary
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Issuer:     Kontoor Brands, Inc. (KTB)
CIK:        0001760965
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001760965-22-000048
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kontoor Q3 revenue down 7% to $607M; FY22 adjusted EPS guidance lowered to $4.35-$4.40
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- Q3 revenue $607M, down 7% YoY (5% constant currency); prior year $653M.
- Reported EPS $0.90, adjusted EPS $1.11 vs Q3'21 reported $1.07 and adjusted $1.28.
- FY22 revenue growth guidance cut to ~4% from ~6%; adjusted EPS guidance $4.35-$4.40 vs prior $4.40-$4.50.
- CEO cites retailer inventory rebalancing and China lockdowns as headwinds; expects Q4 revenue acceleration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1760965/000176096522000048/0001760965-22-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1760965/000176096522000048/ktb-20221103.htm
  HTML page:      https://secwatch.observer/filing/0001760965-22-000048

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