NYSE$KTB
Kontoor Brands Inc. · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Kontoor Brands' Q1 2021 results exceeded expectations with revenue growth across regions, channels, and categories, driven by strategic investments and structural margin gains.
Kontoor Brands reported strong first-quarter 2021 results, with revenue increasing 29 percent to $652 million and adjusted EPS of $1.43. The company raised its fiscal 2021 outlook, expecting revenue to increase in the low-teens range and adjusted EPS to be in the range of $3.70 to $3.80.
- Reported EPS was $1.09, and adjusted EPS was $1.43.
- Reported revenue increased 29 percent year-over-year to $652 million.
- Gross margin increased 830 basis points to 46.1 percent compared to the prior year.
- The company raised its fiscal 2021 guidance for adjusted EPS to $3.70 to $3.80.
Headline financials
Revenue & EPS history
Kontoor Brands · Revenue · Quarterly
$652M
Revenue by segment
Kontoor Brands · $649M total across 2 segments · Q1 2021
- Wrangler$399M+31.7%61.5%
- Lee$250M+36.6%38.5%
Forward guidance
The Company is raising its 2021 Fiscal Outlook. Revenue is now expected to increase in the low-teens range over 2020. Adjusted EPS is now expected to be in the range of $3.70 to $3.80.
Tailwinds
- Revenue is now expected to increase in the low-teens range over 2020.
- Gross Margin is now expected to increase by 230 to 270 basis points.
- SG&A investments will continue to be made in brands and capabilities.
- Adjusted EPS is now expected to be in the range of $3.70 to $3.80.
- Capital Expenditures are expected to be in the range of $40 million to $50 million.
Headwinds
- Impacts from the COVID-19 pandemic and macroeconomic factors remain uncertain.
- ERP implementation will have timing impacts on quarterly revenue and profitability.
- Includes a mid-single digit impact from the VF Outlet actions and India business model change.
- An effective tax rate of approximately 22 percent is expected for 2021.
- Interest expense is expected to be approximately $40 million to $45 million in 2021.
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 2021
+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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