Kontoor Brands, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 02, 2022
August 04, 2022 at 06:50 am EDT
Share
Kontoor Brands, Inc. reported earnings results for the second quarter and six months ended July 02, 2022. For the second quarter, the company reported sales was USD 613.57 million compared to USD 490.77 million a year ago. Net income was USD 62 million compared to USD 23.64 million a year ago. Basic earnings per share from continuing operations was USD 1.11 compared to USD 0.41 a year ago. Diluted earnings per share from continuing operations was USD 1.09 compared to USD 0.4 a year ago.
For the six months, sales was USD 1,293.32 million compared to USD 1,142.53 million a year ago. Net income was USD 142.81 million compared to USD 88.1 million a year ago. Basic earnings per share from continuing operations was USD 2.55 compared to USD 1.53 a year ago. Diluted earnings per share from continuing operations was USD 2.49 compared to USD 1.49 a year ago.
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. 
