Kontoor Brands Inc. (KTB) Tops Q4 EPS by 25c, Revenues Beat

Kontoor Brands Inc. (NYSE: KTB) reported Q4 EPS of $1.23, $0.25 better than the analyst estimate of $0.98. Revenue for the quarter came in at $661 million versus the consensus estimate of $646.13 million.

“We finished 2020 with great momentum, a testament to our teams’ unwavering focus on execution throughout this unprecedented year. We win together, and make no mistake, we are winning in the marketplace by expanding existing leadership positions and extending our reach to new consumers. I want to thank our colleagues around the globe for their perseverance and resolve, helping Kontoor deliver superior returns for all of our stakeholders,” said Scott Baxter, President and Chief Executive Officer, Kontoor Brands.

“Our strong fourth quarter performance is also a result of the strategic measures we’ve taken over the last two years, allowing us to not only navigate near-term challenges, but also position the company for success in 2021 and beyond. Focused investments in brand-enhancing initiatives, technology and talent are setting the stage for an exciting next phase of our journey in which we expect accelerating long-term sustainable growth,” added Baxter.

For earnings history and earnings-related data on Kontoor Brands Inc. (KTB) click here.

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