Kontoor Brands Reports Fourth Quarter and Full Year 2019 Results; Provides Outlook for Full Year 2020
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/8/2026
- Wall St set to open lower as Trump says Iran deal is 'over'
- Oil jumps over 4% to two-week high after Trump says deal with Iran 'over'
- Nvidia is up just 3% YTD while SOX surges 82% — what’s holding it back?
- BofA says S&P 500 technicals point to corrective Q3
- Alibaba rallies 12% after report of narrowing losses sparks pre-earnings optimism
- Morgan Stanley Reiterates Overweight Rating on Rocket Lab USA (RKLB), Bull Case Raised to $293
- Fiserv president resigns, interim leaders named for financial unit
- Nasdaq sinks as AI worries hit chipmakers
- Amazon launches bond sale seeking at least $25 billion
- Raymond James Starts SpaceX (SPCX) at Strong Buy, PT Street High $800
Kontoor Brands Inc. (KTB) Tops Q4 EPS by 5c, Offers Guidance
March 5, 2020 6:59 AM ESTKontoor Brands Inc. (NYSE: KTB) reported Q4 EPS of $0.97, $0.05 better than the analyst estimate of $0.92. Revenue for the quarter came in at $653 million versus the consensus estimate of $683.26 million.
GUIDANCE:
Kontoor Brands Inc. sees FY2020 EPS of $3.55-$3.65, versus the consensus of $3.64.
Revenue is expected to be largely consistent with full year 2019 adjusted revenue, with branded Wrangler® and Lee® revenue anticipated to increase low-single digits while other non-strategic revenues are expected to decline double-digits due to ongoing planned reductions in non-branded VF... More