Kontoor Brands Inc. (KTB) Tops Q2 EPS by 19c
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Kontoor Brands Reports Second Quarter 2020 Results
August 6, 2020 6:50 AM EDTQ2 2020 Reported Revenue of $349 million Q2 2020 GAAP EPS of $(0.58), Adjusted EPS of $(0.22) Q2 2020 Reported Gross Margin declined 10 bps to 38.5 percent compared with the prior year; Adjusted Gross Margin declined 160 bps to 38.4 percent Q2 2020 inventory declined $105 million, or 20 percent, compared with the prior year Strong cash generation supported an additional discretionary debt paydown of $75 million in the second quarter, in addition to the $175 million paid in conjunction with the amended credit facility
GREENSBORO, N.C.--(BUSINESS WIRE)-- Kontoor Brands,... More
