Kontoor Brands, Inc. Stock News

Kontoor Brands, Inc. (KTB) Q4 2024 Earnings Call Transcript

GREENSBORO, N.C.--(BUSINESS WIRE)--Kontoor Brands, Inc. (NYSE: KTB), a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today reported financial results for its fourth quarter and full year ended December 28, 2024. “2024 was a landmark year for Kontoor driven by continued market share gains, accelerating business funda...

In a Thursday interview with CNBC's Jim Cramer, Kontoor Brands CEO Scott Baxter explained why the apparel company purchased outdoor and workwear outfit Helly Hansen, citing growth potential and an expansion of the company's offerings. "This is, far and away, the largest outdoor market in the world, right," Baxter said.

Kontoor Brands is acquiring Helly Hansen for $900 million to diversify into the outdoor and workwear market, aiming for long-term growth and value creation. Despite the strategic acquisition, Kontoor Brands remains a 'hold' due to valuation concerns and high interest expenses impacting cash flow. Investors should watch upcoming Q4 2024 results for potential valuation changes and any new guidanc...

GREENSBORO, N.C.--(BUSINESS WIRE)--Kontoor Brands, Inc. (NYSE: KTB), a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today reported preliminary financial results for its fourth quarter ended December 28, 2024. “I am pleased with our strong finish to the year, driven by better-than-expected revenue, earnings, and cas...

GREENSBORO, N.C.--(BUSINESS WIRE)---- $KTB--Kontoor Brands, Inc. (NYSE: KTB), a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced it has signed a definitive agreement to acquire Helly Hansen, the global outdoor and workwear brand. Under the terms of the agreement, Kontoor Brands will acquire 100% of Hell...

GREENSBORO, N.C.--(BUSINESS WIRE)--Kontoor Brands, Inc. (NYSE: KTB), a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.52 per share of its common stock. The cash dividend will be payable on March 20, 2025, to shareholders ...

GREENSBORO, N.C.--(BUSINESS WIRE)--Kontoor Brands, Inc. (NYSE: KTB), a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced plans to release its fourth quarter 2024 financial results on Tuesday, February 25, 2025, at approximately 6:50 a.m. ET. Following the news release, Kontoor management will host a conf...