Kontoor Brands Inc. (KTB) Tops Q1 EPS by 15c

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Go back to Kontoor Brands Inc. (KTB) Tops Q1 EPS by 15c

Kontoor Brands Reports First Quarter 2022 Results; Raises Outlook for Full Year 2022

May 5, 2022 6:50 AM EDT

Q122 reported revenue of $680 million increased 4 percent versus Q121, and compared to guidance of $650 million to $660 million Q122 GAAP EPS of $1.40 versus Q121 GAAP EPS of $1.09, Q121 adjusted EPS of $1.43, and compared to guidance of $1.15 to $1.25 2022 revenue is now expected to be above $2.7 billion, increasing approximately 10 percent versus 2021; up from the prior guidance of increasing high single digits 2022 EPS is now expected to be in the range of $4.75 to $4.85, increasing 11 percent to 13 percent over 2021 adjusted EPS, and... More