NYSE$KTB
Kontoor Brands Inc. · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Kontoor Brands reported a decrease in revenue but an increase in adjusted EPS, driven by gross margin expansion and effective cost management.
Kontoor Brands reported a revenue decrease of 8% to $670 million, impacted by retailer inventory management in the U.S. However, adjusted EPS increased by 54% to $1.35, driven by gross margin expansion and effective cost management. The company is implementing 'Project Jeanius' to further enhance operational efficiency and accelerate growth.
- Revenue decreased by 8% to $670 million due to retailer inventory management in the U.S.
- Adjusted EPS increased 54% to $1.35, driven by gross margin expansion.
- Gross margin increased by 140 basis points to 42.2% on an adjusted basis.
- The company repurchased $30 million of shares and declared a regular quarterly cash dividend of $0.50 per share.
Headline financials
Revenue & EPS history
Kontoor Brands · Revenue · Quarterly
$670M
Revenue by segment
Kontoor Brands · $613M total across 3 segments · Q1 2026
- Wrangler$436M—71.1%
- Helly Hansen$165M—27.0%
- Other$12M—2.0%
Forward guidance
Kontoor Brands expects revenue to be in the range of $2.57 billion to $2.63 billion, adjusted gross margin between 44.2% and 44.4%, and adjusted EPS in the range of $4.65 to $4.75 for full year 2024.
Tailwinds
- Strong gross margin expansion
- Operating earnings growth
- Strong cash generation
- Best-in-class returns on capital
- Significant capital allocation optionality
Headwinds
- Challenging operating environment over the near term
- Conservative retailer inventory management
- Continued challenging macroeconomic conditions
- First half revenue declining at a mid-single digit rate
- First quarter revenue decline of approximately 9 percent
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 Q4 2023
+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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