Kontoor Brands, Inc., a lifestyle apparel company, designs, manufactures, procures, markets, and distributes apparel under the Wrangler and Lee brands in the United States and internationally. The company sells its products primarily through mass and mid-tier retailers, specialty stores, department stores, and retailer-owned and third-party e-commerce sites, as well as through direct-to-consumer channels, including full-price and outlet stores, and its websites. As of January 2, 2021, it operated 86 retail stores across the Americas, Europe, the Middle East, Africa, and the Asia-Pacific regions. Kontoor Brands, Inc. was incorporated in 2018 and is headquartered in Greensboro, North Carolina.
IPO Year: 2019
Exchange: NYSE
Website: kontoorbrands.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
1/26/2024 | Buy → Hold | Edward Jones | |
11/6/2023 | $47.00 → $59.00 | Equal Weight → Overweight | Barclays |
10/19/2023 | $51.00 → $56.00 | Neutral → Buy | Goldman |
3/1/2023 | $44.00 → $63.00 | Hold → Buy | Stifel |
7/11/2022 | $40.00 | Overweight | Wells Fargo |
6/10/2022 | $55.00 → $41.00 | Buy → Neutral | Goldman |
6/8/2022 | $53.00 → $40.00 | Overweight → Equal Weight | Barclays |
11/5/2021 | $86.00 → $87.00 | Overweight | Barclays |
7/14/2021 | $69.00 | Buy | Goldman Sachs |
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144 - Kontoor Brands, Inc. (0001760965) (Subject)
144 - Kontoor Brands, Inc. (0001760965) (Subject)
144 - Kontoor Brands, Inc. (0001760965) (Subject)
144 - Kontoor Brands, Inc. (0001760965) (Subject)
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8-K - Kontoor Brands, Inc. (0001760965) (Filer)
11-K - Kontoor Brands, Inc. (0001760965) (Filer)
144 - Kontoor Brands, Inc. (0001760965) (Subject)
Second Quarter 2024 Highlights Revenue of $607 million decreased 1 percent compared to prior year Reported gross margin was 44.7 percent. Adjusted gross margin was 45.2 percent and increased 420 basis points compared to prior year Reported EPS was $0.92. Adjusted EPS of $0.98 increased 27 percent compared to prior year Inventory decreased 22 percent compared to prior year The Company repurchased $25 million of shares and made a $25 million voluntary term loan payment The Company's Board of Directors declared a regular quarterly cash dividend of $0.50 per share Updated Full Year 2024 Financial Outlook Revenue is expected to be in the range of $2.57 to $2.63 billion, r
Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.50 per share of its common stock. The cash dividend will be payable on September 20, 2024, to shareholders of record at the close of business on September 10, 2024. About Kontoor Brands Kontoor Brands, Inc. (NYSE:KTB) is a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands: Wrangler® and Lee®. Kontoor designs, manufactures, distributes, and licenses superior high-quality products
Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced plans to release its second quarter 2024 financial results on Thursday, August 1, 2024, 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 available at the same location. About Kontoor Brands Kontoor Brands, Inc. (NYSE:KTB) is a global lifest
First Quarter 2024 Highlights Revenue of $631 million decreased 5 percent compared to prior year Reported gross margin was 45.2 percent. Adjusted gross margin was 45.7 percent and increased 270 basis points compared to prior year Reported EPS was $1.05. Adjusted EPS of $1.16 was consistent with prior year Inventory decreased 24 percent compared to prior year The Company repurchased $20 million of shares The Company's Board of Directors declared a regular quarterly cash dividend of $0.50 per share Updated Full Year 2024 Financial Outlook Revenue is expected to be in the range of $2.57 to $2.63 billion, representing a decrease of 1 percent to an increase of 1 percent,
Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.50 per share of its common stock. The cash dividend will be payable on June 20, 2024, to shareholders of record at the close of business on June 10, 2024. About Kontoor Brands Kontoor Brands, Inc. (NYSE:KTB) is a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands: Wrangler® and Lee®. Kontoor designs, manufactures, distributes, and licenses superior high-quality products that look
Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced plans to release its first quarter 2024 financial results on Thursday, May 2, 2024, 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 available at the same location. About Kontoor Brands Kontoor Brands, Inc. (NYSE:KTB) is a global lifestyle
Fourth Quarter 2023 Highlights Revenue of $670 million decreased 8 percent Reported gross margin was 41.7 percent. Adjusted gross margin was 42.2 percent, including an unanticipated 90 basis point impact from an out-of-period duty charge. Excluding the duty expense, adjusted gross margin increased 230 basis points to 43.1 percent Reported EPS of $1.21 compared to $0.91 in the prior year. Adjusted EPS of $1.28, including an unanticipated $0.07 charge from duty expense related to prior periods. Excluding the duty charge, adjusted EPS was $1.35 and increased 54 percent Inventory of $500 million decreased 16 percent The Company repurchased $30 million of shares under the prior sh
Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.50 per share of its common stock. The cash dividend will be payable on March 18, 2024, to shareholders of record at the close of business on March 8, 2024. About Kontoor Brands Kontoor Brands, Inc. (NYSE:KTB) is a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands: Wrangler® and Lee®. Kontoor designs, manufactures, distributes, and licenses superior high-quality products that look
Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced plans to release its fourth quarter 2023 financial results on Wednesday, February 28, 2024, 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 available at the same location. About Kontoor Brands Kontoor Brands, Inc. (NYSE:KTB) is a global li
Third Quarter 2023 Highlights Q3'23 revenue of $655 million increased 8 percent (7 percent in constant currency) compared to Q3'22 Q3'23 gross margin of 41.5 percent decreased 200 basis points compared to Q3'22, including an unanticipated 200 basis point charge from duty expense related to prior periods, as well as the impact of proactive inventory management actions Q3'23 EPS of $1.05 compared to Q3'22 reported EPS of $0.90 and adjusted EPS of $1.11. Q3'23 EPS includes an unanticipated $0.17 charge from duty expense related to prior periods; excluding the duty charge, EPS was $1.22, increasing 10 percent compared to adjusted EPS in the same period last year Q3'23 inventory of $
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4 - Kontoor Brands, Inc. (0001760965) (Issuer)
4 - Kontoor Brands, Inc. (0001760965) (Issuer)
4 - Kontoor Brands, Inc. (0001760965) (Issuer)
4 - Kontoor Brands, Inc. (0001760965) (Issuer)
4 - Kontoor Brands, Inc. (0001760965) (Issuer)
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Each piece draws on the artist's experience as a cowboy and one of the biggest country music stars of his generation. Wrangler® announced today the launch of a new apparel collection designed in close partnership with award-winning country music star, rancher and cowboy, Cody Johnson. The collection brings together the expertise of an iconic western denim brand and the unique perspective of Cody Johnson, a celebrated cowboy requiring tailored style, comfort and fit. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240829087668/en/Johnson helped carefully select details of fabric, pattern, and functionality, working together with
Designed by women for women, new jean line blends fashion and comfort with universal fit technology Global denim brand Wrangler®, today launched Bespoke, a new collection of jeans developed by women for women. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240822681459/en/Wrangler asked women what they wanted and listened: waist gaps are out; tailored fits, premium stretch denim and body positivity are in. Created by an all-female design team, with a campaign fronted by a diverse group of female Wrangler employees, Wrangler Bespoke introduces a new era in women's denim design. The collection marks Wrangler's most ambitious wom
Collaboration honors the generational legacy of two American icons Global denim brand Wrangler®, announced today a collaboration with Mattel Inc.'s Hot Wheels™. A nostalgia-driven collection, Wrangler® x Hot Wheels™ includes bold denim, jackets, coveralls, and graphic tees in coordinating youth and adult styles – along with a limited-edition Wrangler branded miniature die-cast '85 Ford Bronco. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240815372796/en/A nostalgia-driven collection, Wrangler® x Hot Wheels™ includes bold denim, jackets, coveralls, and graphic tees in coordinating youth and adult styles – along with a limited
Second Quarter 2024 Highlights Revenue of $607 million decreased 1 percent compared to prior year Reported gross margin was 44.7 percent. Adjusted gross margin was 45.2 percent and increased 420 basis points compared to prior year Reported EPS was $0.92. Adjusted EPS of $0.98 increased 27 percent compared to prior year Inventory decreased 22 percent compared to prior year The Company repurchased $25 million of shares and made a $25 million voluntary term loan payment The Company's Board of Directors declared a regular quarterly cash dividend of $0.50 per share Updated Full Year 2024 Financial Outlook Revenue is expected to be in the range of $2.57 to $2.63 billion, r
Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.50 per share of its common stock. The cash dividend will be payable on September 20, 2024, to shareholders of record at the close of business on September 10, 2024. About Kontoor Brands Kontoor Brands, Inc. (NYSE:KTB) is a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands: Wrangler® and Lee®. Kontoor designs, manufactures, distributes, and licenses superior high-quality products
Wrangler Teams Up With Beyond Retro For The First Time to Develop Innovative and More Circular Ways of Creating Products – Giving Denim Waste a Second Life. After a successful initial launch in 2022, global denim icon Wrangler® today announced the launch of the second installment of Wrangler Reborn™ – the latest collection to celebrate the upcycling of denim. The newest Wrangler Reborn™ sees the brand collaborate with BVH Services' brand Beyond Retro, for the first time. BVH are one of the largest vintage retailers across Europe with a reputation for producing on-trend fashion without a hefty carbon footprint making them the perfect partner to give the collection a new dimension and even
Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced plans to release its second quarter 2024 financial results on Thursday, August 1, 2024, 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 available at the same location. About Kontoor Brands Kontoor Brands, Inc. (NYSE:KTB) is a global lifest
Shoes and apparel for men and women blend iconic comfort and playful style Today, Lee® announces its collaboration with the popular footwear brand HEYDUDE™. Combining nods to Lee's workwear heritage with HEYDUDE's playful, expressive designs, it features actor Chase Stokes, star of the popular series 'Outer Banks' and current HEYDUDE ambassador, as the face of the campaign. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240611874842/en/Lee® and HEYDUDE™ Launch New Collaboration for Summer with ‘Outer Banks' actor Chase Stokes, current HEYDUDE ambassador, as the face of the campaign. Photo Credit: ©Lee2024 ©HEYDUDE™ Inspired by
Today, Lee® launches its first golf collection for men. Built on the iconic brand's foundation of innovation and the popularity of its performance-stretch casual apparel, the Lee Golf Series offers versatile tops and bottoms that seamlessly transition from the office to the green. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240502258527/en/Lee® launches golf collection for men. Photo Credit: ©Lee2024 Each piece is designed to appeal to golfers and golf aficionados alike, providing all day comfort and confidence. The pants and shorts feature Lee's motion flex waistband with an added benefit of shirt gripper technology. The wri
First Quarter 2024 Highlights Revenue of $631 million decreased 5 percent compared to prior year Reported gross margin was 45.2 percent. Adjusted gross margin was 45.7 percent and increased 270 basis points compared to prior year Reported EPS was $1.05. Adjusted EPS of $1.16 was consistent with prior year Inventory decreased 24 percent compared to prior year The Company repurchased $20 million of shares The Company's Board of Directors declared a regular quarterly cash dividend of $0.50 per share Updated Full Year 2024 Financial Outlook Revenue is expected to be in the range of $2.57 to $2.63 billion, representing a decrease of 1 percent to an increase of 1 percent,
Edward Jones downgraded Kontoor Brands from Buy to Hold
Barclays upgraded Kontoor Brands from Equal Weight to Overweight and set a new price target of $59.00 from $47.00 previously
Goldman upgraded Kontoor Brands from Neutral to Buy and set a new price target of $56.00 from $51.00 previously
Stifel upgraded Kontoor Brands from Hold to Buy and set a new price target of $63.00 from $44.00 previously
Wells Fargo initiated coverage of Kontoor Brands with a rating of Overweight and set a new price target of $40.00
Goldman downgraded Kontoor Brands from Buy to Neutral and set a new price target of $41.00 from $55.00 previously
Barclays downgraded Kontoor Brands from Overweight to Equal Weight and set a new price target of $40.00 from $53.00 previously
Barclays reiterated coverage of Kontoor Brands with a rating of Overweight and set a new price target of $87.00 from $86.00 previously
Goldman Sachs initiated coverage of Kontoor Brands with a rating of Buy and set a new price target of $69.00
UBS reiterated coverage of Kontoor Brands with a rating of Buy and set a new price target of $97.00 from $89.00 previously
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During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer discretionary sector. ADT Inc. (NYSE:ADT) Dividend Yield: 3.07% Barclays analyst Manav Patnaik mai
Stifel analyst Jim Duffy maintains Kontoor Brands (NYSE:KTB) with a Buy and raises the price target from $77 to $80.
Goldman Sachs analyst Brooke Roach maintains Kontoor Brands (NYSE:KTB) with a Buy and raises the price target from $68 to $77.
Barclays analyst Paul Kearney maintains Kontoor Brands (NYSE:KTB) with a Overweight and raises the price target from $65 to $76.
U.S. stocks were higher, with the Dow Jones index gaining over 50 points on Thursday. Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) rose sharply during Thursday's session after the company reported better-than-expected first-quarter financial results. C.H. Robinson Worldwide posted adjusted earnings of 86 cents per share, beating market estimates of 82 cents per share. The company's quarterly sales came in at $4.412 billion versus expectations of $4.269 billion, according to data from Benzinga Pro. C.H. Robinson Worldwide shares jumped 16.8% to $84.24 on Thursday. Here are some other big stocks recording gains in today's session. Aspen Aerogels, Inc. (NYSE:ASPN) jumpe
Updated Full Year 2024 Financial Outlook Revenue is expected to be in the range of $2.57 to $2.63 billion, representing a decrease of 1 percent to an increase of 1 percent, consistent with the prior outlook Adjusted gross margin is now expected to approximate 44.6 percent (44.2 to 44.4 percent prior), representing an increase of 210 basis points compared to the prior year on an adjusted basis, excluding the out-of-period duty charge Adjusted operating income is now expected to be in the range of $377 to $387 million ($372 to $382 million prior), representing an increase of 8 to 11 percent compared to the prior year on an adjusted basis, excluding the out-of-period duty charge Adjusted
Kontoor Brands (NYSE:KTB) reported quarterly earnings of $1.16 per share which beat the analyst consensus estimate of $0.91 by 27.47 percent. The company reported quarterly sales of $631.202 million which beat the analyst consensus estimate of $609.098 million by 3.63 percent. This is a 5.38 percent decrease over sales of $667.123 million the same period last year.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga’s extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer discretionary sector. Darden Restaurants, Inc. (NYSE:DRI) Dividend Yield: 3.44% TD Cowen analyst Andrew Charles reiterated a Buy rating wit
Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced the appointment of Tom Waldron as Chief Operating Officer, effective March 19, 2024. Christopher Waldeck, previously EVP, Co-Chief Operating Officer, Global Brand President – Lee, will be stepping down from his role but will stay on with Kontoor through June in order to ensure a smooth transition to the new operating structure.
Additional leaders appointed to Executive Leadership Team Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced the appointment of Tom Waldron as Chief Operating Officer, effective March 19, 2024. "We are further advancing our operating model in conjunction with Project Jeanius to simplify our organization and increase speed and efficiency," said Scott Baxter, President, Chief Executive Officer and Chair of Kontoor Brands. "As the next step, I am pleased to announce that Tom Waldron has been appointed to the position of Chief Operating Officer of Kontoor Brands. Thi
Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced the promotion of Michael Karapetian to Vice President of Corporate Development, Strategy, and Investor Relations. Most recently, Karapetian was Vice President of Corporate Development. "We are pleased to announce the expansion of Mike's role at Kontoor," said Executive Vice President and Chief Financial Officer, Joe Alkire. "He has made significant contributions since joining the Company and we are confident he will continue to be a valuable partner and leader in the organization and help drive the next chapter of
Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced that Rustin Welton, Executive Vice President and Chief Financial Officer, has decided to retire from Kontoor after four years of service with the Company. "I want to congratulate Rustin on his retirement and express my gratitude for his partnership and expert counsel that have been invaluable since Kontoor's inception and integral to our success," said President, Chief Executive Officer and Chair of the Board, Scott Baxter. "The strategic actions taken under his leadership have greatly improved the Company's balanc
Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced the appointment of Pete Kidd as Executive Vice President and Chief Human Resources Officer, effective July 20, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230720565527/en/Kontoor Brands appoints Pete Kidd as Executive Vice President and Chief Human Resources Officer. (Photo: Business Wire) Kidd will be responsible for the company's global human resources strategy and operations including total rewards, talent acquisition and retention, talent and
Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced the appointment of Ezio Garciamendez as Senior Vice President, Chief Supply Chain Officer, effective November 1, 2022. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221003005754/en/Ezio Garciamendez joins Kontoor Brands as Senior Vice President, Chief Supply Chain Officer. (Photo: Business Wire) Garciamendez will have responsibility for all aspects of Supply Chain management including global operations, planning, manufacturing, sourcing, quality, customer
Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced the appointment of Mame Annan-Brown to serve as Global Head of Environmental, Social and Governance (ESG), effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220509006149/en/Mame Annan-Brown - EVP, Global Communications, Public Affairs & ESG, Kontoor Brands (Photo: Kontoor Brands) In this expanded role, Annan-Brown will lead the integration of Kontoor's global ESG efforts, spearheading strategy, integration, reporting and engagement acros
Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced the appointment of Tom Doerr as Executive Vice President, General Counsel & Corporate Secretary, effective June 6, 2022. Doerr will be responsible for ensuring that the highest standards of integrity, ethics and behavior consistent with the organization's values and mission continue to be upheld. In addition to overseeing fundamental legal and business functions such as compliance, legal strategy, issues identification, crisis management and global trademarks and intellectual property oversight, he also will serve as
Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced the appointment of Tammy Heller as Chief Human Resources Officer, effective September 29, 2021. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210921005298/en/Tammy Heller, Chief Human Resources Officer, Kontoor Brands (Photo: Business Wire) Heller will be responsible for developing and driving the organization's people strategy. In addition to overseeing fundamental Human Relations functions such as compensation, benefits, HR systems, recruitment, onboardi
Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced the appointment of Mame Annan-Brown as Executive Vice President of Global Communications and Public Affairs, effective August 11, 2021. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210722005132/en/Mame Annan-Brown will join Kontoor Brands as Executive Vice President of Global Communications and Public Affairs. (Photo: Business Wire) Annan-Brown will have responsibility for all aspects of global corporate communications – developing, leading and executing
Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced the appointment of Karen Smith as Executive Vice President of Supply Chain, effective May 1, 2021. Smith will have responsibility for all aspects of Supply Chain management including global operations, planning, global manufacturing and sourcing, responsible sourcing, product quality and stewardship, customer service, distribution and logistics and master data governance. She will also have responsibility for all components of the company's supply chain strategy, including trade-related functions and operations. She