Kontoor Brands Announces Third Quarter 2019 Results
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Kontoor Brands Inc. (KTB) Tops Q3 EPS by 6c, Revenues Miss
November 7, 2019 6:56 AM ESTKontoor Brands Inc. (NYSE: KTB) reported Q3 EPS of $0.95, $0.06 better than the analyst estimate of $0.89. Revenue for the quarter came in at $638 million versus the consensus estimate of $646.46 million.
Third quarter 2019 results were in line with our expectations, as we continued to execute on our strategy of setting the foundation for long-term operational success, said Scott Baxter, President and Chief Executive Officer, Kontoor Brands. Were beginning to realize the benefits of the previously announced restructuring and cost-savings initiatives, while we continue to stabilize and globalize our organization. And, we\'re improving the quality of our... More
