secwatch.observer — SEC 8-K summary
======================================

Issuer:     Kontoor Brands, Inc. (KTB)
CIK:        0001760965
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001760965-23-000012
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kontoor Q1 revenue $667M (-2%), EPS $1.16; reaffirms FY guidance
----------------------------------------------------------------

- Q1 2023 revenue $667M, down 2% YoY (1% constant currency); in line with prior outlook of flat to down low-single digits.
- Gross margin 43.0%, down 180 bps YoY due to geographic mix, production downtime, and inflationary costs.
- Q1 2023 EPS $1.16 (vs $1.40 in Q1'22); FY 2023 EPS guidance reaffirmed at $4.55-$4.75.
- FY 2023 revenue expected up low-single digits; gross margin 43.5%-44.0%; inventory growth to align with revenue by Q3.
- U.S. market share gains and DTC strength offset expected softness in International markets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1760965/000176096523000012/0001760965-23-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1760965/000176096523000012/ktb-20230504.htm
  HTML page:      https://secwatch.observer/filing/0001760965-23-000012

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