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Kontoor Brands Q4 revenues drop, announces 'Project Jeanius' to drive growth

Fourth quarter revenue at Kontoor Brands was 670 million dollars, a decrease of 8 percent or 9 percent in constant currency, driven by retailer inventory management actions in the U.S., partially offset by gains in digital wholesale, China and DTC. Full year revenue was 2.61 billion dollars, a decrease of 1 percent. The company’s growth in DTC...