Kontoor Brands falls after lower-than-expected annual sales, profit forecast

Kontoor Brands

25/02/2025 15:44

** Shares of apparel company Kontoor Brands KTB.N down 14.7% at $73.4, their highest percentage loss since April 2020

** Company forecasts annual sales in the range of $2.63 billion to $2.69 billion, the midpoint of which is below analysts' expectations of $2.68 billion according to data compiled by LSEG

** Expects annual adjusted EPS in the range of $5.20 to $5.30, missing analysts' expectations of $5.37

** Co says FY 2025 forecast does not include contribution from acquisition of Helly Hansen and impact from potential changes in tariffs

** "We are mindful of the uncertain environment and will continue to manage the business conservatively" - CEO

** Including session's move, KTB rose 14.07% YTD

 (Reporting by Aamir Sohail in Bengaluru)

 ((Aamir.Sohail@thomsonreuters.com;))