KTB

Kontoor Brands Reports 2024 First Quarter Results; Raises Full Year Outlook

Retrieved on: 
Thursday, May 2, 2024
Fashion, Online Retail, Retail, Manufacturing, Specialty, Textiles, Internet, DTC, International, Kontoor Brands, POS, Investment, Growth, Expense, Forecasting, Capital expenditure, Administration, KTB, Environment, EPS, Ratio, Line of credit, Share repurchase, GAAP, Lee, Wrangler, Natural gas

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 first quarter ended March 30, 2024.

Key Points: 
  • 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 first quarter ended March 30, 2024.
  • “Our first quarter results were stronger than expected, driven by higher revenue, gross margin, and cash flow,” said Scott Baxter, President, Chief Executive Officer and Chair of Kontoor Brands.
  • “We are pleased with another quarter of market share gains and the improvement we saw in POS and retailer inventories over the course of the first quarter.
  • Kontoor Brands will host its first quarter 2024 conference call beginning at 8:30 a.m. Eastern Time today, May 2, 2024.

Kontoor Brands Declares Quarterly Dividend

Retrieved on: 
Friday, April 19, 2024
Other Retail, Online Retail, Manufacturing, Other Consumer, Specialty, Women, Fashion, Men, Retail, Textiles, Consumer, KTB, Kontoor Brands

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 $0.50 per share of its common stock.

Key Points: 
  • 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 $0.50 per share of its common stock.
  • The cash dividend will be payable on June 20, 2024, to shareholders of record at the close of business on June 10, 2024.

Kontoor Brands Announces First Quarter 2024 Earnings and Conference Call Date

Retrieved on: 
Thursday, April 11, 2024
Other Consumer, Women, Other Retail, Men, Specialty, Fashion, Lifestyle, Consumer, Retail, Online Retail, KTB, Kontoor Brands, News

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 first quarter 2024 financial results on Thursday, May 2, 2024, at approximately 6:50 a.m.

Key Points: 
  • 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 first quarter 2024 financial results on Thursday, May 2, 2024, at approximately 6:50 a.m.
  • Following the news release, Kontoor management will host a conference call at approximately 8:30 a.m.
  • The conference call will be broadcast live and accessible at kontoorbrands.com/investors.
  • For those unable to listen to the live broadcast, an archived version will be available at the same location.

Kontoor Brands Announces Tom Waldron as Chief Operating Officer

Retrieved on: 
Tuesday, March 19, 2024
Fashion, Retail, Department Stores, Manufacturing, Specialty, Textiles, Growth, EVP, Procter, Kontoor Brands, SVP, KTB, Melaleuca, Marketing, Wrangler, Procter & Gamble, Management

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 the appointment of Tom Waldron as Chief Operating Officer, effective March 19, 2024.

Key Points: 
  • 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 the appointment of Tom Waldron as Chief Operating Officer, effective March 19, 2024.
  • “We are further advancing our operating model in conjunction with Project Jeanius to simplify our organization and increase speed and efficiency,” said Scott Baxter, President, Chief Executive Officer and Chair of Kontoor Brands.
  • “As the next step, I am pleased to announce that Tom Waldron has been appointed to the position of Chief Operating Officer of Kontoor Brands.
  • This appointment helps to bring together our business and support the next phase of growth and value creation at Kontoor.”
    As Chief Operating Officer, Waldron will assume responsibility for both Wrangler and Lee globally.

Kontoor Brands Board of Directors Elects Mary Campbell as New Director

Retrieved on: 
Wednesday, February 28, 2024
Fashion, Retail, Department Stores, Manufacturing, Specialty, Textiles, Psychology, Kontoor Brands, Qurate Retail Group, Marketing, Wrangler, Growth, Central Connecticut State University, KTB, Knowledge, Consumer, E-commerce

Kontoor Brands, Inc. (NYSE: KTB) (the “Company” or “Kontoor”), 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 Mary Campbell has been elected to the Company’s board of directors effective immediately.

Key Points: 
  • Kontoor Brands, Inc. (NYSE: KTB) (the “Company” or “Kontoor”), 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 Mary Campbell has been elected to the Company’s board of directors effective immediately.
  • Additionally, the Company announced an increase in the size of the Board from seven to eight directors.
  • Ms. Campbell is a senior executive with extensive knowledge in consumer driven product innovation, marketing and brand building, and traditional and new media platforms, as well as leading teams for long term growth and evolution.
  • “We’re excited to welcome Mary to Kontoor’s Board of Directors,” said Scott Baxter, President, Chief Executive Officer & Chair of the Board, Kontoor Brands.

Kontoor Brands Reports 2023 Fourth Quarter and Full Year Results; Provides 2024 Outlook and Announces Project Jeanius Global Transformation

Retrieved on: 
Wednesday, February 28, 2024
Fashion, Online Retail, Retail, Manufacturing, Specialty, Textiles, Lee, ERP, International, Expense, Kontoor Brands, POS, Forecasting, Investment, Share repurchase, Wrangler, Digital, Growth, Capital expenditure, Female, Line of credit, Ratio, United States Customs Service, GAAP, KTB, Administration, Jeanius, EPS, Internet, Environment, DTC, Music

“Our POS performance in the U.S. outpaced shipments in the fourth quarter and resulted in continued market share gains.

Key Points: 
  • “Our POS performance in the U.S. outpaced shipments in the fourth quarter and resulted in continued market share gains.
  • Selling, General & Administrative (SG&A) expenses were $204 million or 30.5 percent of revenue on a reported basis in the fourth quarter.
  • The Company anticipates the impact from Project Jeanius to begin in the fourth quarter of 2024, with more significant benefits expected in 2025 and 2026.
  • Kontoor Brands will host its fourth quarter and full year 2023 conference call beginning at 8:30 a.m. Eastern Time today, February 28, 2024.

Kontoor Brands Declares Quarterly Dividend

Retrieved on: 
Friday, February 16, 2024
Fashion, Other Retail, Retail, Department Stores, Specialty, Kontoor Brands, 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 that its Board of Directors has declared a regular quarterly cash dividend of $0.50 per share of its common stock.

Key Points: 
  • 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 $0.50 per share of its common stock.
  • The cash dividend will be payable on March 18, 2024, to shareholders of record at the close of business on March 8, 2024.

Kontoor Brands Announces Fourth Quarter 2023 Earnings and Conference Call Date

Retrieved on: 
Wednesday, February 7, 2024
Retail, Textiles, Manufacturing, Fashion, Kontoor Brands, News, 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 plans to release its fourth quarter 2023 financial results on Wednesday, February 28, 2024, at approximately 6:50 a.m.

Key Points: 
  • 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 2023 financial results on Wednesday, February 28, 2024, at approximately 6:50 a.m.
  • Following the news release, Kontoor management will host a conference call at approximately 8:30 a.m.
  • The conference call will be broadcast live and accessible at kontoorbrands.com/investors .
  • For those unable to listen to the live broadcast, an archived version will be available at the same location.

Kontoor Brands Appoints Michael Karapetian as Vice President of Corporate Development, Strategy, and Investor Relations

Retrieved on: 
Wednesday, February 7, 2024
Men, Online Retail, Other Retail, Specialty, Consumer, Fashion, Other Manufacturing, Textiles, Retail, Other Consumer, Women, Manufacturing, Citadel, Chemical engineering, Corporate finance, Bucknell University, Research, Corporate development, KTB, Merrill (company), Kontoor Brands, Karapetyan, Balyasny Asset Management

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 the promotion of Michael Karapetian to Vice President of Corporate Development, Strategy, and Investor Relations.

Key Points: 
  • 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 the promotion of Michael Karapetian to Vice President of Corporate Development, Strategy, and Investor Relations.
  • Most recently, Karapetian was Vice President of Corporate Development.
  • “We are pleased to announce the expansion of Mike’s role at Kontoor,” said Executive Vice President and Chief Financial Officer, Joe Alkire.
  • Karapetian joined Kontoor in 2020 as Director of Corporate Finance.

Yuengling and Keep Texas Beautiful Renew Partnership For 2024

Retrieved on: 
Tuesday, February 6, 2024
Partnership, Life, Restaurant, KTB, Work

POTTSVILLE, Pa., Feb. 6, 2024 /PRNewswire/ -- Today, The Yuengling Company announced a 2024 partnership with Keep Texas Beautiful (KTB) – a nonprofit organization that empowers Texans to keep our communities clean and beautiful. To celebrate the second year of working together, Yuengling is donating $1 per Yuengling Traditional Lager case sold, up to $50,000, to KTB.

Key Points: 
  • POTTSVILLE, Pa., Feb. 6, 2024 /PRNewswire/ -- Today, The Yuengling Company announced a 2024 partnership with Keep Texas Beautiful (KTB) – a nonprofit organization that empowers Texans to keep our communities clean and beautiful.
  • To celebrate the second year of working together, Yuengling is donating $1 per Yuengling Traditional Lager case sold, up to $50,000, to KTB.
  • Now through March 2024, Texans can purchase Yuengling Lager in special promotional packaging on 12-pack, 12-ounce cans throughout the state.
  • "The Yuengling Company has established a strong partnership with Keep Texas Beautiful and we are excited to continue the momentum," said Pat Pikunas, General Manager of The Yuengling Company.