Highest-materiality recent filing
Kontoor Brands to sell Lee business to Authentic Brands Group for up to $1B
Sells Lee for $750M cash at close plus up to $250M earnout over five years; transaction unanimously approved by board.
Q1 revenue $613M from cont. ops (+45% incl. Helly Hansen); Wrangler +4%, Helly Hansen +16% pro-forma.
Kontoor Q4 rev $1.02B +46%; adj EPS $1.73; FY26 outlook rev $3.4-3.45B, adj EPS $6.40-6.50
Q4 revenue $1.02B (+46% YoY) Helly Hansen contributed 36ppt; adj gross margin 46.8% (+210bps).
KTB declares $0.53 dividend; adopts exec severance plan with 24-month CEO pay
Quarterly dividend of $0.53/share, payable March 20, 2026 to holders of record March 10, 2026.
Kontoor Brands Q3 rev $853M (+27%), adj EPS $1.44; raises FY2025 outlook
Q3 revenue $853M (+27% YoY); adjusted gross margin 45.8% (+80bps); adj EPS $1.44 (+5%).
Kontoor files Helly Hansen audited FY2024 and interim Q1 2025 financials
Helly Hansen FY2024 revenue NOK 6.93B, operating profit NOK 549M, net profit NOK 328M (up from NOK 266M in FY2023).
Kontoor Brands Q2 revenue up 8%, adjusted EPS $1.21; raises full-year outlook
Q2 revenue $658M (+8% YoY, +4% organic); adjusted EPS $1.21 (+23% YoY).
Kontoor completes $960M acquisition of Helly Hansen; director resigns due to conflict
Acquired all share capital of CTC Triangle B.V. (Helly Hansen parent) for ~$960M including working capital adjustments.
Q1 adjusted EPS $1.20 (+3% YoY); reported EPS $0.76. Adjusted operating income $96M (+4%); operating margin 15.4% (+70bps).
Kontoor Brands enters $1.5B credit agreement to partly fund Helly Hansen acquisition
New facilities: $700M Tranche A-1 term loan ($340M funded at close, $360M delayed draw), $300M delayed draw Tranche A-2, and $500M revolver (undrawn at close).
Kontoor Q4 revenue $699M (+4%); adj EPS $1.38; FY25 guidance $5.20-$5.30
Q4 revenue $699M (+4% YoY); adj gross margin 44.7% (+160bps); adj operating income $101M (+17%).
Kontoor Brands to acquire Helly Hansen from Canadian Tire for approximately $900 million
Kontoor Brands (KTB) will acquire 100% of Helly Hansen from Canadian Tire Corporation for $900 million in cash and debt.
Kontoor Brands Q4 revenue up 4%, adjusted EPS +23% ex-items; announces Helly Hansen acquisition
Q4 revenue ~$699M, +4% YoY (+5% constant currency).
Kontoor Brands Q3 beats; raises full-year outlook
Revenue $670M (+2% YoY); US revenue $530M (+5%); international $141M (-5%).
Kontoor Q2 adjusted EPS $0.98 (+27% YoY); raises FY EPS view to ~$4.80
Revenue $607M (-1% YoY); US -1%, International -6% constant currency; Wrangler +1%, Lee -7%.
Kontoor Brands beats Q1 expectations; raises full-year EPS guidance
Q1 revenue $631M (-5% YoY); adjusted gross margin 45.7% (+270bps).
Kontoor Brands declares $0.50 quarterly dividend; shareholders approve supermajority voting repeal
Quarterly cash dividend of $0.50 per share, payable June 20, 2024 to holders of record June 10, 2024.
Kontoor Brands appoints Tom Waldron COO; Waldeck steps down
Tom Waldron named EVP and COO effective March 19, 2024; Christopher Waldeck steps down from co-COO role.
Q4 revenue $670M (-8% YoY); U.S. revenue $538M (-11%). Inventory down 16% to $500M.
Kontoor Brands authorizes $300M share repurchase program, replacing prior authorization
Board of Directors authorized up to $300M in common stock repurchases, replacing the August 5, 2021 program.
Kontoor Q3 rev $655M (+8% YoY); adj. EPS $1.22 ex-duty; FY adj. EPS outlook cut to $4.35
Q3 revenue $655M (+8% YoY); reported EPS $1.05 includes $0.17 prior-period duty charge; ex-duty EPS $1.22.
Kontoor Brands raises quarterly dividend 4% to $0.50 per share
Quarterly dividend increased to $0.50 per share from $0.48, a 4% hike ($0.02).
Kontoor Brands announces retirement of CFO Rustin Welton, appoints Joe Alkire as successor
Rustin Welton retiring as EVP & CFO effective Aug 31, 2023; advisory role through year-end.
Kontoor Brands Q2 revenue flat at $616M; adjusted EPS $0.77 vs $1.09; reaffirms FY adjusted outlook
Q2 revenue $616M flat YoY; reported EPS $0.64, adjusted EPS $0.77 (includes $0.09 one-time tax charge).
Kontoor Q1 revenue $667M (-2%), EPS $1.16; reaffirms FY guidance
Q1 2023 revenue $667M, down 2% YoY (1% constant currency); in line with prior outlook of flat to down low-single digits.
Kontoor Brands Q4 revenue up 7% to $732M; FY2022 EPS $4.31; guides FY2023 EPS $4.55-$4.75
Q4 revenue $732M (+7% YoY); reported EPS $0.91 vs $0.75; adjusted EPS $0.88 (flat).
Kontoor Q3 revenue down 7% to $607M; FY22 adjusted EPS guidance lowered to $4.35-$4.40
Q3 revenue $607M, down 7% YoY (5% constant currency); prior year $653M.
Kontoor Q2 revenue $614M (+25% YoY) misses guidance; cuts FY22 outlook
Q2 revenue $614M vs guidance of $640-650M; +25% reported, +27% constant currency.
Kontoor beats Q1 expectations: revenue $680M, EPS $1.40; raises FY2022 guidance
Revenue $680M (+4% YoY), exceeding guidance of $650-660M.
In connection with Ms. Sumner’s retirement, Andrew Taylor will be appointed as Vice President and Chief Accounting Officer of the Company effective as of August 28, 2026.
On June 12, 2026, S. Denise Sumner informed Kontoor Brands, Inc. (the “Company”) that she will retire as Vice President and Chief Accounting Officer of the Company, effective as of August 28, 2026 (the “Retirement Date”).
On June 2, 2025, Andrew E. Page resigned from the Board of Directors of the Company (the “Board”) including all committees thereof, effective immediately, and the size of the Board was reduced to seven members.
On March 19, 2024, as previously disclosed, Christopher M. Waldeck stepped down from his role as Executive Vice President, Co-Chief Operating Officer, Global Brand President, Lee of Kontoor Brands, Inc.
Christopher M. Waldeck, who is stepping down from his role as Executive Vice President, Co-Chief Operating Officer & Global Brand President, Lee, will remain employed by the Company in a non-executive officer capacity through July 12, 2024, in order to help assure an orderly transition of responsibilities.
Thomas E. Waldron, currently the Company’s Executive Vice President, Co-Chief Operating Officer & Global Brand President, Wrangler, will become Executive Vice President and Chief Operating Officer.
On February 28, 2024, Kontoor Brands, Inc. (the “Company”) increased the size of the Board of Directors (the "Board") from seven members to eight members and elected Maryelizabeth R. Campbell as a director of the Company
Mr. Alkire will succeed Rustin Welton, who will be transitioning out of his current role of Executive Vice President and Chief Financial Officer effective August 31, 2023, and will serve in an advisory role for a transition period.
On August 21, 2023, the Board of Directors of Kontoor Brands, Inc. (the “Company”) announced Joseph A. Alkire as Executive Vice President and Chief Financial Officer effective August 31, 2023.
elected Andrew E. Page as a Class II director
On March 17, 2022, the Board of Directors (the “Board”) of Kontoor Brands, Inc. (the “Company”) appointed Thomas E. Waldron, the Company’s Executive Vice President and Global Brand President — Wrangler and Christopher Waldeck, the Company’s Executive Vice President and Global Brand President — Lee, as the Company’s Co-Chief Operating Officers, effective immediately.
On March 17, 2022, the Board of Directors (the “Board”) of Kontoor Brands, Inc. (the “Company”) appointed Thomas E. Waldron, the Company’s Executive Vice President and Global Brand President — Wrangler and Christopher Waldeck, the Company’s Executive Vice President and Global Brand President — Lee, as the Company’s Co-Chief Operating Officers, effective immediately.
Max materiality 0.95 · Median 0.60 · Most common event earnings