secwatch.observer — SEC 8-K summary
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Issuer:     Kontoor Brands, Inc. (KTB)
CIK:        0001760965
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001760965-24-000042
Event type: earnings
Sentiment:  positive
Materiality: 0.72
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kontoor Q2 adjusted EPS $0.98 (+27% YoY); raises FY EPS view to ~$4.80
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- Revenue $607M (-1% YoY); US -1%, International -6% constant currency; Wrangler +1%, Lee -7%.
- Adjusted gross margin 45.2% (+420bps YoY) on lower product costs, favorable mix, supply chain efficiencies.
- Adjusted EPS $0.98 vs $0.77 prior year; adjusted operating income $80M, up 10%.
- FY2024 outlook: revenue $2.57-2.63B (unchanged); adj EPS ~$4.80 (prev $4.70-4.80); cash ops >$350M.
- Inventory down 22% YoY to $488M; returned $53M to shareholders in Q2 via dividends and buybacks.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1760965/000176096524000042/0001760965-24-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1760965/000176096524000042/ktb-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001760965-24-000042

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