secwatch.observer — SEC 8-K summary
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Issuer:     Kontoor Brands, Inc. (KTB)
CIK:        0001760965
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001760965-24-000031
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kontoor Brands beats Q1 expectations; raises full-year EPS guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1760965/000176096524000031/0001760965-24-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1760965/000176096524000031/ktb-20240502.htm
  HTML page:      https://secwatch.observer/filing/0001760965-24-000031

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