Lee and Wrangler owner Kontoor Brands has named Jamie Givens to the position of managing director, EMEA. He will report to Tom Waldron, chief operations officer, Kontoor Brands. “Jamie's extensive experience in cultivating global brands, coupled with his remarkable leadership track record, will be an invaluable asset to Kontoor’s global team,”...
Apr 1, 2025
Kontoor Brands, affirming its strong preliminary fourth-quarter results with 699 million dollars in revenue, a 4 percent increase, has presented an optimistic outlook for the year ahead, excluding the potential benefits of the Helly Hansen acquisition. Kontoor Brands acquired the outerwear brand for 900 million dollars from Canadian Tier...
Feb 26, 2025
Kontoor Brands, parent company of the Wrangler and Lee brands, released preliminary fourth-quarter financial results, revealing a 4 percent year-over-year revenue increase to approximately 699 million dollars. The company also reported an adjusted gross margin of approximately 44.7 percent, a 160 basis point improvement, and an approximate 23...
Feb 19, 2025
Kontoor Brands, with a portfolio led by Wrangler and Lee, reported third quarter revenue of 670 million dollars, an increase of 2 percent driven by growth in global direct-to-consumer and US wholesale, partially offset by a decline in international wholesale revenue. Earnings per share were 1.26 dollars on a reported basis. On an adjusted basis,...
Oct 31, 2024
Kontoor Brands’ second quarter revenue was 607 million dollars, down 1 percent driven by retailer inventory management actions in the US, the anticipated decrease in revenue from seasonal products and lower international revenue. The company said that the result was partially offset by growth in direct-to-consumer, as well as an approximate...
Aug 1, 2024
Kontoor Brands, known for its denim brands Wrangler and Lee, commemorated their 5th birthday on the 23rd of May. Over the past five years, Kontoor has established itself as a significant player in the global apparel industry, focusing on the design, manufacture, and distribution of high-quality products. About Kontoor Brands Kontoor Brands is a...
May 27, 2024
For its first quarter Kontoor Brands revenue was 631 million dollars, a decrease of 5 percent or 6 percent in constant currency compared to the prior year. The company said in a release that revenue decline was primarily driven by retailer inventory management actions in the US, a decrease in revenue from seasonal products, and lower...
May 2, 2024
Wrangler parent company Kontoor Brands has announced the appointment of Tom Waldron as its sole chief operating officer, a role he will take up from March 19. In the position, which he initially shared with Christopher Waldeck, Waldron will hold the responsibility for Wrangler and Lee globally, while maintaining oversight of the company’s global...
Mar 19, 2024
Fourth quarter revenue at Kontoor Brands was 670 million dollars, a decrease of 8 percent or 9 percent in constant currency, driven by retailer inventory management actions in the U.S., partially offset by gains in digital wholesale, China and DTC. Full year revenue was 2.61 billion dollars, a decrease of 1 percent. The company’s growth in DTC...
Feb 28, 2024
Kontoor Brands, Inc. has announced the promotion of Michael Karapetian to vice president of corporate development, strategy, and investor relations. Karapetian will continue to report to executive vice president and chief financial officer, Joe Alkire. Most recently, the company said in a release, he was vice president of corporate development....
Feb 7, 2024
Kontoor Brands Inc., the parent company of brands including Wrangler and Lee, has announced plans for a new share repurchasing program. Authorized by the company’s board of directors, Kontoor Brands will start a stock buyback program of up to 300 million US dollars of its common stock. The newly implemented authorization, which notably carries...
Dec 12, 2023
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....
Nov 2, 2023