Kontoor Brands news and archive

Analysis: Kontoor Brands shares on a rise

Over the past six years, Kontoor Brands has established itself as a significant player in the global apparel industry. The company, which was spun off from VF Corporation in May 2019, focuses on the design, manufacturing, and distribution of high-quality apparel. An analysis indicates a period of significant change and strategic realignment....

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Kontoor Brands to close manufacturing operations in Mexico

Wrangler’s parent company Kontoor Brands is reportedly preparing to shutter its manufacturing operations in Coahuila, Mexico. According to local press, the fashion group is in the process of moving its production to Bangladesh. It is believed that four plants located in Torreón, La Rosita, San Pedro and Coyote are to be impacted by the closures,...

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Kontoor Brands raises sales forecast after strong quarterly figures

US apparel supplier Kontoor Brands Inc. achieved unexpectedly strong growth in sales and earnings in the second quarter of the 2025 financial year. As a result, the company updated its annual forecasts on Thursday. In the period from April to June, consolidated revenue amounted to 658.3 million dollars. This represented an increase of 8 percent...

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Kontoor Brands expands roles of two executives, COO to exit

US clothing company Kontoor Brands has expanded the roles for two members of its executive leadership team as its chief operating officer, Tom Waldron, announces his intention to step down. Jenni Broyles will take on the roles of executive vice president, chief commercial officer and global head of brands – the latter being her current position...

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Kontoor Brands finalises 900 million dollar acquisition of Helly Hansen

Wrangler’s parent company Kontoor Brands has said it has completed its 900 million dollar acquisition of outdoor and workwear brand Helly Hansen. The US fashion group announced its intention to purchase the brand back in February 2025. At the time, Helly Hansen was projected to generate over 680 million dollars in revenue and 80 million dollars...

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After solid start to quarter, Kontoor Brands updates annual forecasts

The US apparel company Kontoor Brands Inc. kept its revenue largely stable in the first quarter of fiscal year 2025. However, negative special effects weighed on profits. In addition to the current figures, the parent company of denim brands Wrangler and Lee also presented updated annual forecasts on Tuesday. These now also take into account the...

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Jamie Givens appointed EMEA MD to lead Wrangler and Lee’s regional growth

Lee and Wrangler owner Kontoor Brands has named Jamie Givens to the position of managing director, EMEA. He will report to Tom Waldron, chief operations officer, Kontoor Brands. “Jamie's extensive experience in cultivating global brands, coupled with his remarkable leadership track record, will be an invaluable asset to Kontoor’s global team,”...

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Kontoor Brands' Helly Hansen acquisition to boost EPS, long-term growth

Kontoor Brands, affirming its strong preliminary fourth-quarter results with 699 million dollars in revenue, a 4 percent increase, has presented an optimistic outlook for the year ahead, excluding the potential benefits of the Helly Hansen acquisition. Kontoor Brands acquired the outerwear brand for 900 million dollars from Canadian Tier...

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Kontoor Brands announces strong Q4 results and Helly Hansen acquisition

Kontoor Brands, parent company of the Wrangler and Lee brands, released preliminary fourth-quarter financial results, revealing a 4 percent year-over-year revenue increase to approximately 699 million dollars. The company also reported an adjusted gross margin of approximately 44.7 percent, a 160 basis point improvement, and an approximate 23...

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Kontoor Brands raises outlook after "better-than-expected" Q3

Kontoor Brands, with a portfolio led by Wrangler and Lee, reported third quarter revenue of 670 million dollars, an increase of 2 percent driven by growth in global direct-to-consumer and US wholesale, partially offset by a decline in international wholesale revenue. Earnings per share were 1.26 dollars on a reported basis. On an adjusted basis,...

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Kontoor Brands reports Q2 results, raises outlook

Kontoor Brands’ second quarter revenue was 607 million dollars, down 1 percent driven by retailer inventory management actions in the US, the anticipated decrease in revenue from seasonal products and lower international revenue. The company said that the result was partially offset by growth in direct-to-consumer, as well as an approximate...

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Kontoor Brands raises 2024 earnings outlook

For its first quarter Kontoor Brands revenue was 631 million dollars, a decrease of 5 percent or 6 percent in constant currency compared to the prior year. The company said in a release that revenue decline was primarily driven by retailer inventory management actions in the US, a decrease in revenue from seasonal products, and lower...