The earnings call reflected strong business fundamentals with broad-based growth in revenue, market share gains, and strategic initiatives like Project Jeanius showing promise for future profitability. Despite some challenges in international markets and conservative retail conditions, the company demonstrated resilience through effective cost management and shareholder returns.

Company Guidance

During the Kontoor Brands Q3 2024 earnings call, detailed guidance was provided, indicating strong performance and expectations for continued growth. Wrangler's revenue grew by 4%, with U.S. growth at 5% and global direct-to-consumer (D2C) growth at 10%. The brand also gained 90 basis points of market share in the U.S. Lee's revenue decreased by 3% but showed improvement from the previous quarter, with the U.S. female business growing by 10%. The company announced a Project Jeanius initiative aimed at achieving $100 million in savings, with a focus on global sourcing transformation and back-end efficiencies. The company raised its full-year revenue guidance to $2.60 billion and expects a 4% revenue growth in the first half of 2025, driven by market share gains and new product innovations. Additionally, adjusted gross margin is expected to expand to 45.1%, and SG&A expenses are projected to increase by approximately 4%.

Strong Revenue Growth

Global revenue increased by 2% in Q3, exceeding expectations. Wrangler's revenue grew by 4%, including 5% growth in the U.S. and 10% growth in global D2C. Lee's U.S. revenue also turned positive, growing by 1%.

Market Share Gains

Wrangler gained 90 basis points of market share in the U.S., marking the 10th consecutive quarter of market share gains.

Success in Female and Outdoor Segments

Female business grew double digits, and the outdoor segment grew 12% year-to-date, with expectations for continued double-digit growth.

Project Jeanius Progress

Project Jeanius is on track to deliver $100 million of combined gross margin and SG&A savings, with significant benefits expected in 2025 and 2026.

Cash Generation and Shareholder Returns

Significant cash from operations supported a 4% increase in quarterly dividend and $40 million in share repurchases. Year-to-date, $168 million has been returned to shareholders.

Increased Earnings and Profitability

Adjusted earnings per share increased by 12% to $1.37, with operating income expected to grow by 11% for the full year.

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Kontoor Brands (KTB) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

KTB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 04, 2025	2024 (Q4)	1.32 / -	1.35	―	―	―
Oct 31, 2024	2024 (Q3)	1.26 / 1.37	1.22	12.30% (+0.15)	―
Aug 01, 2024	2024 (Q2)	0.88 / 0.98	0.77	27.27% (+0.21)	―
May 02, 2024	2024 (Q1)	0.91 / 1.16	1.16	0.00% (0.00)	―
Feb 28, 2024	2023 (Q4)	1.36 / 1.35	0.88	53.41% (+0.47)	―
Nov 02, 2023	2023 (Q3)	1.19 / 1.22	1.11	9.91% (+0.11)	―
Aug 03, 2023	2023 (Q2)	0.63 / 0.77	1.09	-29.36% (-0.32)	―
May 04, 2023	2023 (Q1)	1.20 / 1.16	1.4	-17.14% (-0.24)	―
Feb 28, 2023	2022 (Q4)	0.67 / 0.88	0.88	0.00% (0.00)	―
Nov 03, 2022	2022 (Q3)	0.88 / 1.11	1.28	-13.28% (-0.17)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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KTB Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 31, 2024	$76.12	$85.13	+11.84%
Aug 01, 2024	$69.26	$71.13	+2.70%
May 02, 2024	$60.93	$66.06	+8.42%
Feb 28, 2024	$61.71	$56.18	-8.96%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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