Kontoor Brands Inc. (KTB) Tops Q1 EPS by 56c, Revenues Beat; Raises FY21 EPS Guidance Above Consensus
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Kontoor Brands Reports First Quarter 2021 Results; Raises Outlook for Fiscal 2021
May 6, 2021 6:50 AM EDTQ1 Reported EPS of $1.09; Adjusted EPS of $1.43 Q1 Reported Revenue of $652 million increased 29 percent compared to the prior year Q1 Reported Gross Margin increased 830 basis points to 46.1 percent compared to the prior year Strong cash generation supported discretionary debt repayments totaling $100 million in the first quarter Fiscal 2021 guidance raised; Adjusted EPS is now expected to be $3.70 to $3.80, up from the prior range of $3.50 to $3.60
GREENSBORO, N.C.--(BUSINESS WIRE)-- Kontoor Brands, Inc. (NYSE:... More
