earnings
confidence high
sentiment positive
materiality 0.85
Kontoor Q2 revenue +19% to $584M, raises FY26 EPS outlook, plans $400M ASR
Kontoor Brands, Inc.
- Q2 revenue $584M, +19% YoY; Wrangler +2%, Helly Hansen contributed $114M.
- Adjusted EPS $1.06, +13% YoY; reported EPS $1.03; adjusted gross margin 53.8%, +710 bps.
- FY26 adjusted EPS outlook raised to $5.25-$5.35 from $5.15-$5.25; revenue outlook unchanged $2.66-2.71B.
- Expects $400M accelerated share repurchase after Lee divestiture closes in Q4; returned $80M in Q2.
- Received $23M of $54M IEEPA tariff refunds; expects remaining by end of 2026; dividend $0.53 payable Sep 18.