secwatch.observer — SEC 8-K summary
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Issuer:     Kontoor Brands, Inc. (KTB)
CIK:        0001760965
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0001760965-24-000049
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kontoor Brands Q3 beats; raises full-year outlook
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1760965/000176096524000049/0001760965-24-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1760965/000176096524000049/ktb-20241031.htm
  HTML page:      https://secwatch.observer/filing/0001760965-24-000049

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