earnings
confidence high
sentiment positive
materiality 0.75
Kontoor Brands beats Q1 expectations; raises full-year EPS guidance
Kontoor Brands, Inc.
2024-Q1 EPS reported
$1.05
revenue$631,202,000
- Q1 revenue $631M (-5% YoY); adjusted gross margin 45.7% (+270bps).
- Adjusted EPS $1.16 flat YoY; reported EPS $1.05.
- Inventory down 24% YoY to $501M; repurchased $20M in shares.
- Raised FY adjusted EPS guidance to $4.70-$4.80 (prior $4.65-$4.75).
- FY cash from operations expected to exceed $335M; $0.50 quarterly dividend declared.