NYSE$KTB
Kontoor Brands Inc. · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Kontoor Brands' Q1 2020 earnings were significantly impacted by COVID-19, with revenue declining by 22 percent, but digital sales increased 10 percent.
Kontoor Brands reported a 22% decrease in revenue to $504 million due to COVID-19 impacts, with a GAAP EPS of $(0.05) and adjusted EPS of $0.27. The company took actions to strengthen financial flexibility, including amending its credit facility and temporarily suspending dividends.
- COVID-19 had a significant impact on Q1 2020 revenue and profit.
- Q1 2020 reported revenue was $504 million.
- Q1 2020 GAAP EPS was $(0.05), with adjusted EPS at $0.27.
- Digital sales increased 10 percent, including a 41 percent increase in U.S. digital wholesale, despite wholesale revenue decline due to customer door closures.
Headline financials
Revenue & EPS history
Kontoor Brands · Revenue · Quarterly
$504M
Revenue by segment
Kontoor Brands · $486M total across 2 segments · Q1 2020
- Wrangler$303M-18.1%62.3%
- Lee$183M-24.2%37.7%
Forward guidance
Kontoor Brands withdrew its 2020 guidance due to the uncertainty and significant business impacts caused by COVID-19 but provided additional perspective and assumptions.
Tailwinds
- Key retail partners remain well positioned to navigate this environment.
- New programs and distribution gains are expected for the second half of 2020.
- Iconic brands offer consumers a distinct value proposition.
- Cost savings efforts are in place.
- Scaled, agile supply chain positions Kontoor well in the marketplace.
Headwinds
- Uncertainty of COVID-19 remains.
- Negative impacts on revenue, operating income, and EPS are anticipated to be most pronounced in the second quarter of 2020.
- Prolonged economic downturn is predicted.
- Company is not guiding on the impact of COVID-19 in the second half of 2020.
- The company continues to take the necessary, proactive steps to accommodate a prolonged COVID-19 environment.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2020
+1.3%
Avg return
Earnings day
+1.4%
Avg return
5 days after
+4.6%
Avg return
30 days after
58%
19 / 33 earnings
Positive
+18.6%
Q4 2025
Best reaction
-17.3%
Q4 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.4% | -1.9% | +21.2% | |
| Q4 2025 | +18.6% | +17.7% | +6.5% | |
| Q3 2025 | -9.4% | -10.8% | -3.3% | |
| Q2 2025 | +12.4% | +24.0% | +41.5% | |
| Q1 2025 | +1.5% | +8.0% | +7.3% | |
| Q4 2024 | -13.5% | +0.5% | -25.7% | |
| Q3 2024 | +6.6% | +10.7% | +19.9% | |
| Q2 2024 | -1.5% | -2.2% | +6.7% | |
| Q1 2024 | +5.6% | +9.0% | +18.0% | |
| Q4 2023 | -6.8% | -7.8% | -5.0% | |
| Q3 2023 | +6.3% | +9.7% | +19.2% | |
| Q2 2023 | +16.6% | +16.3% | +13.7% | |
| Q1 2023 | -7.9% | -9.8% | -9.4% | |
| Q4 2022 | +18.5% | +21.7% | +9.1% | |
| Q3 2022 | +10.8% | +9.6% | +30.7% | |
| Q2 2022 | +2.1% | -1.0% | -3.0% | |
| Q1 2022 | +2.9% | +0.0% | -2.2% | |
| Q4 2021 | -3.0% | -12.7% | -16.5% | |
| Q3 2021 | +1.5% | +5.4% | -5.2% | |
| Q2 2021 | -0.7% | -2.0% | -6.4% | |
| Q1 2021 | +0.9% | -0.7% | -1.3% | |
| Q3 2020 | +5.3% | +14.4% | +38.2% | |
| Q2 2020 | -2.1% | +4.0% | +13.7% | |
| Q1 2020 | -8.1% | -20.8% | +16.2% | |
| Q4 2017 | -17.3% | -18.0% | -37.1% | |
| Q4 2019 | -3.3% | -6.6% | -60.1% | |
| Q3 2018 | +1.0% | -0.3% | +8.5% | |
| Q3 2019 | -5.8% | -5.7% | +0.6% | |
| Q2 2018 | -4.7% | +0.8% | +11.6% | |
| Q2 2019 | +16.0% | +9.1% | +21.5% | |
| Q1 2019 | +0.5% | -4.6% | +7.7% | |
| Q4 2018 | +0.5% | -4.6% | +7.7% | |
| Q1 2018 | +0.5% | -4.6% | +7.7% |
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