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KTB — Kontoor Brands News Story

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Kontoor Brands Inc reports results for the quarter ended June 30 - Earnings Summary

Kontoor Brands Inc KTB.N reported quarterly adjusted earnings of $1.21​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 98 cents.  The mean expectation of five analysts for the quarter was for earnings of 83 cents per share. Wall Street expected results to range from 78 cents to 86 cents per share.

Revenue rose 8.5% to $658.26 million from a year ago; analysts expected $634.90 million.

Kontoor Brands Inc's reported EPS for the quarter was $1.32​.

The company reported quarterly net income of $73.87 million.

Kontoor Brands Inc shares had fallen by 14.0% this quarter and lost 33.6% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 9.8% in the last three months.​

In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 1 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the apparel & accessories peer group is also "buy"

Wall Street's median 12-month price target for Kontoor Brands Inc is $85.00, about 33.3% above its last closing price of $56.72

This summary was machine generated from LSEG data August 7 at 05:12 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20250.831.21Beat
Mar. 31 20251.161.20Beat
Dec. 31 20241.341.38Beat
Sep. 30 20241.261.37Beat

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