earnings
confidence high
sentiment positive
materiality 0.75
Kontoor Brands Q3 beats; raises full-year outlook
Kontoor Brands, Inc.
2024-Q3 EPS reported
$3.22
revenue$1,908,294,000
- Revenue $670M (+2% YoY); US revenue $530M (+5%); international $141M (-5%).
- Adjusted EPS $1.37 (+12% YoY); adjusted gross margin 45.0% (+150 bps).
- Inventory down 24% to $462M; repurchased $40M shares; dividend raised 4% to $0.52.
- Raised full-year outlook: revenue ~$2.60B, adjusted EPS $4.83, cash from ops >$360M.
- Preliminary 2025: H1 revenue growth ~4%; Project Jeanius benefits H2-weighted.