Kontoor Brands Q1 Adjusted Earnings Rise, Revenue Falls; 2025 Outlook Raised

MT Newswires Live
05-06

Kontoor Brands (KTB) reported Q1 adjusted earnings Tuesday of $1.20 per share, up from $1.16 a year earlier.

Five analysts surveyed by FactSet expected $1.16.

Revenue for the quarter ended March 30 was $622.9 million, down from $631.2 million a year earlier.

Four analysts polled by FactSet expected $626.3 million.

The company now expects full-year revenue of $3.06 billion to $3.09 billion, up from its previous outlook of $2.63 billion to $2.69 billion.

Five analysts surveyed by FactSet expect $2.63 billion.

Kontoor Brands also raised its 2025 adjusted EPS guidance to a range of $5.40 to $5.50, from a prior forecast of $5.20 to $5.30.

Analysts surveyed by FactSet expect $4.88.

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