Kontoor Brands Reports First Quarter 2020 Results; Announces Actions to Further Strengthen Financial Flexibility

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 11/2/2026

1. CRWD
2. REGN
3. LITE
4. ABBV
5. CL
6. MRVL
7. LYB
8. TFII
9. NVT
10. SPY

Go back to Kontoor Brands Reports First Quarter 2020 Results; Announces Actions to Further Strengthen Financial Flexibility

Kontoor Brands Inc. (KTB) Tops Q1 EPS by 2c, Revenues Miss

May 7, 2020 6:54 AM EDT

Kontoor Brands Inc. (NYSE: KTB) reported Q1 EPS of $0.27, $0.02 better than the analyst estimate of $0.25. Revenue for the quarter came in at $504 million versus the consensus estimate of $522.76 million.

Significant business impacts from COVID-19 on Q1 2020 revenue and profitQ1 2020 Reported Revenue of $504 millionQ1 2020 GAAP EPS of $(0.05), Adjusted EPS of $0.27While Q1 2020 wholesale revenue declined due to customer door closures, digital sales increased 10 percent, including a 41 percent increase in U.S. digital wholesaleCredit facility amended to provide leverage covenant relief in future periodsTemporary suspension of dividend in conjunction with credit... More