Kontoor Brands Inc. (KTB) Misses Q2 EPS by 30c
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Kontoor Brands Reports Second Quarter 2022 Results; Updates Outlook for Full Year 2022
August 4, 2022 6:50 AM EDTQ2'22 revenue of $614 million increased 25 percent on a reported basis and 27 percent in constant currency compared to Q2'21, and compared to guidance of $640 million to $650 million Compared to H1'19, Wrangler and Lee U.S. revenues in H1'22 increased 19 percent and 14 percent, respectively Q2'22 GAAP EPS of $1.09 compared to Q2'21 GAAP EPS of $0.40, Q2'21 adjusted EPS of $0.70, and guidance of $1.05 to $1.15 2022 revenue is now expected to increase 6 percent compared to 2021 and prior guidance of increasing approximately 10 percent 2022 adjusted EPS is... More
