KTB Q3 Earnings Beat Estimates, Raised Guidance Propel Stock Higher
Kontoor Brands Q3 results reflect market share gains, revenue growth, gross margin expansion, improved operating earnings, and reduced inventory levels.
Kontoor Brands (KTB) Q3 Earnings and Revenues Surpass Estimates
Kontoor Brands (KTB) came out with quarterly earnings of $1.37 per share, beating the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of $1.22 per share a year ago.
The Zacks Analyst Blog The Gorman-Rupp, Kontoor Brands, Kontoor Brands and Standex International
The Gorman-Rupp, Kontoor Brands, Kontoor Brands and Standex International are included in this Analyst Blog.
Kontoor Brands: No Longer A Good Fit
Kontoor Brands, the owner of Wrangler and Lee jeans, has seen significant stock gains but now appears fairly valued, prompting a downgrade to 'hold'. Despite mixed financial results, recent improvements in profits and cash flow are noted, though revenue has shown weakness. The company's valuation, relative to peers, appears pricey, and future performance hinges on upcoming third-quarter results.
Is Kontoor Brands (KTB) Stock Outpacing Its Consumer Discretionary Peers This Year?
Here is how Kontoor Brands (KTB) and The RealReal (REAL) have performed compared to their sector so far this year.
3 Reasons Growth Investors Will Love Kontoor (KTB)
Kontoor (KTB) possesses solid growth attributes, which could help it handily outperform the market.
Here is Why Growth Investors Should Buy Kontoor (KTB) Now
Kontoor (KTB) possesses solid growth attributes, which could help it handily outperform the market.
Kontoor Brands Q2: Challenged In Wholesale, Valuation Fair But Not Opportunistic
Kontoor Brands, Inc. reported mixed 2Q24 results with flat revenues and improved margins, leading to a 27% increase in EPS. Positive developments include market share gains and potential upturn in wholesale demand, but negatives include weakness in Lee and Asia segments. Valuation remains fair with the stock price unchanged, leading to a Hold rating and uncertainty about sales growth despite the positive denim cycle.
Kontoor Brands, Inc. (KTB) Q2 2024 Earnings Call Transcript
Kontoor Brands, Inc. (NYSE:KTB ) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Michael Karapetian – Vice President, Corporate Development, Strategy, and Investor Relations Scott Baxter – President, Chief Executive Officer and Chair Joe Alkire – Chief Financial Officer Conference Call Participants Ike Boruchow – Wells Fargo Brooke Roach – Goldman Sachs Bob Drbul – Guggenheim Peter McGoldrick – Stifel Mauricio Serna – UBS Paul Kearney – Barclays Laurent Vasilescu – BNP Paribas Operator Greetings, and welcome to the Kontoor Brands Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Kontoor Brands (KTB) Beats Q2 Earnings and Revenue Estimates
Kontoor Brands (KTB) came out with quarterly earnings of $0.98 per share, beating the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.77 per share a year ago.
