Kontoor Brands Inc. (KTB) Tops Q1 EPS by 25c, Beats on Revenue; Offers Guidance

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Go back to Kontoor Brands Inc. (KTB) Tops Q1 EPS by 25c, Beats on Revenue; Offers Guidance

Kontoor Brands Reports 2024 First Quarter Results; Raises Full Year Outlook

May 2, 2024 6:50 AM EDT

First Quarter 2024 Highlights

Revenue of $631 million decreased 5 percent compared to prior year Reported gross margin was 45.2 percent. Adjusted gross margin was 45.7 percent and increased 270 basis points compared to prior year Reported EPS was $1.05. Adjusted EPS of $1.16 was consistent with prior year Inventory decreased 24 percent compared to prior year The Company repurchased $20 million of shares The Companys Board of Directors declared a regular quarterly cash dividend of $0.50 per share

Updated Full Year 2024 Financial... More