Kontoor Brands, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 01, 2022
November 03, 2022 at 06:52 am EDT
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Kontoor Brands, Inc. reported earnings results for the third quarter and nine months ended October 01, 2022. For the third quarter, the company reported sales was USD 606.52 million compared to USD 652.3 million a year ago. Net income was USD 51.08 million compared to USD 63.41 million a year ago. Basic earnings per share from continuing operations was USD 0.92 compared to USD 1.1 a year ago. Diluted earnings per share from continuing operations was USD 0.9 compared to USD 1.07 a year ago.
For the nine months, sales was USD 1,899.84 million compared to USD 1,794.83 million a year ago. Net income was USD 193.89 million compared to USD 151.51 million a year ago. Basic earnings per share from continuing operations was USD 3.47 compared to USD 2.63 a year ago. Diluted earnings per share from continuing operations was USD 3.4 compared to USD 2.56 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. 
