Recap: Kontoor Brands Q1 Earnings

Shares of Kontoor Brands KTB rose 0.2% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share rose 429.63% year over year to $1.43, which beat the estimate of $0.87.

Revenue of $651,762,000 rose by 29.19% from the same period last year, which beat the estimate of $605,880,000.

Looking Ahead

Kontoor Brands raised FY21 adjusted EPS guidance from $3.50-$3.60 to $3.70-$3.80.

Details Of The Call

Date: May 06, 2021

Time: 08:30 AM

ET Webcast URL: https://78449.themediaframe.com/dataconf/productusers/ktb/mediaframe/43997/indexl.html

Price Action

Company's 52-week high was at $67.74

52-week low: $13.53

Price action over last quarter: Up 31.05%

Company Profile

Kontoor Brands Inc is a lifestyle apparel company. It is engaged in designing, manufacturing, sourcing, marketing, and distribution of its portfolio of brands, including Wrangler and Lee. It manufactures its products in owned and leased facilities, and distribute the products through both brick and mortar and e-commerce retailers.