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Kontoor Brands, Inc.
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Kontoor Brands, Inc. is divesting the Lee brand for up to $1 billion. Lee has been KTB's weakest brand and has consistently reported declining sales and earnings. The transaction values a weak brand at a good multiple. The focus shifts to Helly Hansen and Wrangler, both of which look to grow KTB's earnings well.
We're plugging in the amps in preparation for the second [url="]Coors Banquet[/url]Â and [url="]Wrangler[/url]Â collaboration, this time celebrating a summer
GREENSBORO, N.C.--(BUSINESS WIRE)--The Coors Banquet x Wrangler Collection, available starting May 28th, will feature 23 unique pieces, including men's and women's apparel and caps.
The limited-edition denim transforms Rice's new song into a one-of-a-kind wearable using Banquet-infused ink, turning the collaboration into both a fashion release and the song's world premiere Key Summary Bullets Coors Banquet and Wrangler reunite for their third collaboration, celebrating their shared Western heritage with a limited-edition apparel collection. Longtime Coors Banquet fan and award-winning country artist Chase Rice joins the collaboration, bringing an authentic voice and personal storytelling to the collection.
KTB sharpens its portfolio around Wrangler and Helly Hansen to drive resilient growth amid macroeconomic uncertainty.
KTB eyes faster growth through Wrangler and Helly Hansen as it advances plans to divest the Lee business.
On May 21, 2026, Kontoor Brands Inc (KTB) shares rose 6.6% today, closing at $69.38. The stock has experienced a 52-week range of $53.55 to $87.00, reflecting s
The sale is initially for $750 million and includes $250 million in potential future payment based on the performance of Lee.
Kontoor Brands said on Thursday it had agreed to sell its Lee denim brand for up to $1 billion to Authentic Brands Group, as the apparel maker pushes to streamline its operations and focus investment on higher-growth brands such as Wrangler.
NEW YORK, May 21, 2026 /PRNewswire/ -- Authentic Brands Group (Authentic), a global brand and entertainment platform, today announced a definitive agreement to acquire Lee, one of the most recognized and enduring names in global denim, from Kontoor Brands, Inc. (NYSE: KTB). As the owner of some of the most iconic and beloved sports, fashion, media and entertainment intellectual property in the world, Authentic sees Lee as a natural fit for its global platform.
GREENSBORO, N.C.--(BUSINESS WIRE)---- $KTB--Kontoor Brands, Inc. (NYSE: KTB) today announced it has signed a definitive agreement to sell the Lee® business to Authentic Brands Group (Authentic) for up to $1 billion, including an initial transaction value of $750 million and a $250 million earnout opportunity in future years based on the performance of Lee under Authentic's ownership. The transaction is subject to required regulatory approvals and customary closing conditions. “The Lee transaction is a d.
KTB eyes major growth potential in outdoor wear as Helly Hansen expands in the underpenetrated U.S. market with new technical apparel and footwear.
KTB explores a Lee sale as it ramps up investments in Wrangler and Helly Hansen to drive growth and margin expansion.
Kontoor Brands NYSE: KTB said it plans to divest its Lee brand, marking a major portfolio shift as the company seeks to focus resources on Wrangler and Helly Hansen following its first-quarter 2026 results.
KTB lifts its 2026 outlook after Q1 revenues jump 45%, driven by Helly Hansen growth and plans to divest Lee.
Kontoor Brands, Inc. (KTB) Q1 2026 Earnings Call Transcript
Kontoor Brands (KTB) came out with quarterly earnings of $1.06 per share, missing the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $1.2 per share a year ago.
GREENSBORO, N.C.--(BUSINESS WIRE)---- $KTB--Kontoor Brands, Inc. (NYSE: KTB) today reported financial results for its first quarter ended April 4, 2026. “Our strong first quarter results reflect the power of our operating model combined with strong execution,” said Scott Baxter, President, Chief Executive Officer and Chairman of the Board of Directors. “Wrangler drove another quarter of broad-based growth and market share gains, and Helly Hansen delivered better-than-expected revenue and profitability.
GREENSBORO, N.C.--(BUSINESS WIRE)---- $KTB--Kontoor Brands, Inc. (NYSE: KTB) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.53 per share of its common stock. The cash dividend will be payable on June 18, 2026, to shareholders of record at the close of business June 8, 2026. About Kontoor Brands Kontoor Brands, Inc. (NYSE: KTB) is a portfolio of three of the world's most iconic lifestyle, outdoor and workwear brands: Wrangler®, Lee® and Helly Hansen®. Kon.
GREENSBORO, N.C.--(BUSINESS WIRE)--Chaco and Wrangler® have created an eight-piece unisex collection built for adventure.
LNNGY, KTB and BSVN made it to the Zacks Rank #1 (Strong Buy) income stocks list on April 17th, 2026.
TPL, LNNGY, KTB, RRBI and WLY have been added to the Zacks Rank #1 (Strong Buy) List on April 17, 2026.
GREENSBORO, N.C.--(BUSINESS WIRE)---- $KTB--Kontoor Brands, Inc. (NYSE: KTB) today announced plans to release its first quarter 2026 financial results on Thursday, May 7, 2026, at approximately 6:50 a.m. ET. Following the news release, Kontoor management will host a conference call at approximately 8:30 a.m. ET to review results. The conference call will be broadcast live and accessible at kontoorbrands.com/investors. For those unable to listen to the live broadcast, an archived version will be availabl.
GREENSBORO, N.C.--(BUSINESS WIRE)---- $KTB--Kontoor Brands, Inc. (NYSE: KTB), today announced that Erinn Murphy will join Kontoor Brands as Vice President, Global Head of Finance and Operations, Helly Hansen and Corporate Investor Relations in early May. Murphy will take an international assignment in Oslo, Norway as a member of the Helly Hansen leadership team as well as oversee corporate investor relations. “We are thrilled to welcome Erinn Murphy to Kontoor Brands,” said Executive Vice President, Chi.
GREENSBORO, N.C.--(BUSINESS WIRE)---- $KTB--Kontoor Brands, Inc. (NYSE: KTB), today announced that Joseph Alkire will assume an expanded role on Kontoor's Executive Leadership Team, effective immediately. In addition to his responsibilities as Chief Financial Officer and Global Head of Operations, Alkire will assume global responsibilities for the Helly Hansen brand. “Joe has been my strategic partner since the early stages of the acquisition, leveraging our collective experience in the outdoor category.
Allspring Global Investments Holdings LLC raised its stake in shares of Kontoor Brands, Inc. (NYSE: KTB) by 7.3% during the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 193,606 shares of the company's stock after purchasing an additional
Shares of Kontoor Brands, Inc. (NYSE: KTB - Get Free Report) have been given a consensus rating of "Moderate Buy" by the ten brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and
The consensus price target hints at a 33.3% upside potential for Kontoor (KTB). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
The closure of the Strait of Hormuz creates a broad supply chain shock for companies reliant on Asian manufacturing. Apparel-heavy retailers like Carter's, Oxford Industries, Kontoor Brands, and Gap Inc. already face margin pressure due to existing tariffs.
Kontoor Brands, Inc. has continued to report similar trends across the two older brands. Wrangler is growing relatively well, but Lee's revenues are still on the decline. Helly Hansen creates significant long-term growth potential for KTB. KTB has high ambitions for the brand, especially from 2027 forward. I estimate KTB stock to have 35% upside to $94.3, driven by Helly Hansen's growth potential.
Kontoor (KTB) is well positioned to outperform the market, as it exhibits above-average growth in financials.
GREENSBORO, N.C.--(BUSINESS WIRE)--J.Crew and Lee® introduce an exclusive collaboration that reimagines Lee's most historic denim styles through the lens of J.Crew's prep heritage.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The consensus price target hints at a 27% upside potential for Kontoor (KTB). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Here is how Kontoor Brands (KTB) and Laureate Education (LAUR) have performed compared to their sector so far this year.
Fieldview Capital Management LLC boosted its position in Kontoor Brands, Inc. (NYSE: KTB) by 50.8% in the undefined quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 57,491 shares of the company's stock after purchasing an additional 19,363 shares during the quarter. Kontoor Brands comprises about
Citigroup Inc. trimmed its position in shares of Kontoor Brands, Inc. (NYSE: KTB) by 74.1% in the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,143 shares of the company's stock after selling 74,676 shares during the quarter. Citigroup Inc.'s
