Kontoor Brands jumps after upbeat 2026 profit forecast

Kontoor Brands

03/03/2026 12:50

** Lifestyle apparel firm Kontoor Brands' KTB.N shares rise 11.1% to $72 after co forecasts 2026 profit above estimates

** KTB expects full-year 2026 adj. EPS between $6.40-$6.50 vs analysts' average estimate of $5.96 - LSEG data

** KTB Q4 revenue jumps 45% year-on-year, 36% came from Helly Hansen brand, which it acquired in May 2025

** KTB beats profit estimates for eight straight quarters - LSEG data

** Co says it utilizes U.S.-grown cotton in more than 80% of products sourced from Bangladesh which may qualify for a duty exemption under the trade agreement

** As of last close, KTB shares gained 6.1% YTD after falling 28% in 2025

 (Reporting by Utkash Tushar Hathi)

 ((utkarshtushar.hathi@thomsonreuters.com))