Kontoor Brands Inc. (KTB) Tops Q4 EPS by 5c, Offers Guidance

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Kontoor Brands Reports Fourth Quarter and Full Year 2019 Results; Provides Outlook for Full Year 2020

March 5, 2020 6:50 AM EST

Fourth Quarter 2019 GAAP EPS of $0.50, Adjusted EPS of $0.97; Full Year 2019 GAAP EPS of $1.69, Adjusted EPS of $3.84 2019 Reported Revenue of $2.55 billion, Adjusted Revenue of $2.52 billion, consistent with full year guidance Fourth Quarter Reported Gross Margin increased 210 basis points to 40.7 percent and Adjusted Gross Margin increased 30 basis points to 40.9 percent 2019 EBITDA of $194 million, Adjusted EBITDA of $341 million, consistent with full year guidance Inventory declined 3 percent at year end, consistent with guidance Significant cash flow generation supported aggressive debt paydown and superior dividend... More