Kontoor Brands news and archive

Kontoor Brands Q3 revenues up, earnings increase by 10 percent

For the third quarter, Kontoor Brands, Inc. with a portfolio led by Wrangler and Lee brands, reported revenue of 655 million dollars, up 8 percent or 7 percent constant currency. The company’s gross margin decreased 200 basis points to 41.5 percent, EBITDA was 91 million dollars and EBITDA margin of 13.9 percent decreased 200 basis points....

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Wrangler, Lee parent Kontoor Brands appoints new CFO

Kontoor Brands, the owner of denim labels Wrangler and Lee, has appointed a new chief financial officer (CFO) as Rustin Welton steps down after four years. Effective August 31, Welton will be succeeded by Joe Alkire, who will also take on the role of executive vice president. In his new role, Alkire will have responsibility for the enterprise...

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Kontoor Brands Q2 revenues flat but maintains outlook

Second quarter revenue at Kontoor Brands was 616 million dollars, flat compared to the same period in the prior year. The company said in a release that revenue increases, primarily driven by strength in DTC and international, were tempered by decreases in U.S. wholesale. “We delivered second quarter results largely consistent with our...

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Pete Kidd promoted to chief human resources officer at Kontoor Brands

Kontoor Brands, Inc. has announced the appointment of Pete Kidd as executive vice president and chief human resources officer, effective July 20, 2023. As a member of the company’s executive leadership team, Kidd will report to Kontoor’s president, chief executive officer and chair of the board, Scott Baxter. “As an accomplished leader with a...

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Kontoor Brands Q1 sales improve by 2 percent

Kontoor Brands, Inc. reported first quarter revenue of 667 million dollars, a 2 percent or 1 percent decrease in constant currency. Revenue increases, the company said, primarily driven by strength in domestic wholesale and DTC, were more than offset by decreases in international wholesale, primarily driven by the continued impacts of...

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Kontoor Brands revenues increase but China lockdowns weigh on results

For the fourth quarter, Kontoor Brands reported revenue of 732 million dollars, a 7 percent or 9 percent increase in constant currency over the same period in the prior year. The company said, revenue increases were primarily driven by strength in domestic wholesale and digital, somewhat offset by decreases in international with the continued...

Fashion

Lee Jeans to launch footwear in Europe

Lee Jeans is expanding its product offering into footwear for the first time with a new collection of casual shoes and sneakers for men, women and children. The debut collection will launch for autumn/winter 2023 in the EMEA market and will be produced under a license by The Brandsplus Group, which creates footwear collections for fashion and...

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Kontoor Brands appoints Ezio Garciamendez as SVP chief supply chain officer

Kontoor Brands, the owner of Wrangler and Lee, has announced the appointment of Ezio Garciamendez as senior vice president, chief supply chain officer, effective November 1. In his role, Garciamendez will oversee all aspects of supply chain management, including global operations, manufacturing and distribution. Additionally, he will be...

RetailFeatured

Lee and Wrangler open a joint denim store

Lee and Wrangler, owned by Kontoor Brands, have teamed up to open their first joint denim store in Berlin as part of its continued strategic expansion in Europe. The dual-branded retail concept has been designed to offer consumers “the ultimate denim experience,” explains Lee and Wrangler, with an immersive curated retail environment that “...

ManagementFeatured

Kontoor Brands Q2 revenue up 25 percent, lowers FY outlook

Kontoor Brands, the owner of denim labels Wrangler and Lee, has reported a 25 percent increase in revenue in the second quarter of the year. In the three months to July 2, revenue came in at 613.6 million dollars, compared to 490.8 million dollars a year earlier. That growth was primarily driven by the company's US business, which saw a 40...

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Foot Locker’s chief financial officer elected to Kontoor Brands board

Andrew E. Page, the EVP and chief financial officer of Foot Locker, has been announced as the new addition to Kontoor Brands’ board of directors, effective immediately. Page, who will be taking the position of a director of the board, will also serve on the board’s Audit Committee. “We’re pleased to welcome Andrew to Kontoor’s board of...

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Kontoor Brands names Mame Annan-Brown new global head of ESG

Fashion conglomerate Kontoor Brands has announced the appointment of Mame Annan Brown as its new global head of environmental, social and governance (ESG), effective immediately. Annan-Brown, who boasts two decades of experience in the area, will lead the implementation of the Wrangler-owner’s global ESG efforts, overseeing strategy,...