Kontoor Brands Reports Fourth Quarter and Full Year 2019 Results; Provides Outlook for Full Year 2020
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Kontoor Brands Inc. (KTB) Tops Q4 EPS by 5c, Offers Guidance
March 5, 2020 6:59 AM ESTKontoor Brands Inc. (NYSE: KTB) reported Q4 EPS of $0.97, $0.05 better than the analyst estimate of $0.92. Revenue for the quarter came in at $653 million versus the consensus estimate of $683.26 million.
GUIDANCE:
Kontoor Brands Inc. sees FY2020 EPS of $3.55-$3.65, versus the consensus of $3.64.
Revenue is expected to be largely consistent with full year 2019 adjusted revenue, with branded Wrangler® and Lee® revenue anticipated to increase low-single digits while other non-strategic revenues are expected to decline double-digits due to ongoing planned reductions in non-branded VF... More