Kontoor Brands Inc. (KTB) Tops Q4 EPS by 25c, Revenues Beat
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Kontoor Brands Reports Fourth Quarter and Fiscal 2020 Results; Provides Outlook for Fiscal 2021
March 2, 2021 6:50 AM ESTQ4 Reported EPS of $0.74 increased 48 percent compared to the prior year; Adjusted EPS of $1.23 increased 27 percent compared to the prior year; Fiscal Year 2020 Reported EPS of $1.17; Adjusted EPS of $2.61 Q4 Reported Revenue of $661 million, increased 1 percent compared to the prior year Q4 Reported Gross Margin increased 180 bps to 42.5 percent compared to the prior year; Adjusted Gross Margin increased 230 bps to 43.2 percent compared to the prior year Strong cash generation supported discretionary debt repayments totaling $125 million in the fourth quarter Based on improving fundamentals, the Company is... More
