Kontoor Brands, Inc. Provides Earnings Guidance for the First Quarter, Second Quarter, First Half and Full Year of 2022
March 08, 2022 at 05:00 pm EST
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Kontoor Brands, Inc. provided earnings guidance for the first quarter, second quarter, first half and full year of 2022. For the first quarter, the company expected revenue to be in the range of $650 million to $660 million, or flat to up low-single digits compared to last year. GAAP EPS is expected to be in the range of $1.15 to $1.25.
For the second quarter, the company expected revenue to be in the range of $640 million to $650 million or increasing 30% to 32% compared to last year. GAAP EPS is expected to be in the range of $1.25 to $1.35.
For the first half, the company revenue is expected to increase at a low-teens rate compared to last year, consistent with prior guidance.
For the year 2022, the company revenue is expected to approximate $2.7 billion; up high single digits versus fiscal year 2021. GAAP EPS is expected to be in the range of $4.65to $4.75.
Kontoor Brands, Inc. is a global lifestyle apparel company. The Company designs, manufactures, procures, sells and licenses apparel, footwear and accessories, primarily under the brand names Wrangler and Lee. The Company's segments include Wrangler, Lee and Other. The Wrangler segment offers multiple sub-brands and collections within the Wrangler brand, including 20X, Aura from the Women at Wrangler, Cowboy Cut, Premium Patch, Riggs Workwear, Rock 47, Rustler, Wrangler Retro, Wrangler Rugged Wear and Wrangler All Terrain Gear. The Lee segment includes a range of jeans, pants, shirts, shorts and jackets for adults and children. The Lee brand offers multiple sub-brands and collections, including Lee101, Riders by Lee Indigo and Chic by Lee. The Other segment includes sales and licensing of Rock & Republic, other company-owned brands and private label apparel. Its distribution channels include United States Wholesale, Non-United States Wholesale and direct-to-consumer.
KONTOOR BRANDS, INC. 
