NASHVILLE, Tenn., Nov. 15, 2024 (GLOBE NEWSWIRE) -- In honor of Veterans Day and the nation's observance of the dedication and sacrifice of our Veterans, Musicians On Call (MOC) and Wrangler® partnered for the annual initiative Concert For Veterans Presented by Wrangler. Through bedside visits and a virtual concert experience, award-winning recording artists joined MOC and Wrangler in providing hope and happiness to hospitalized Veterans in VA facilities nationwide. Black River recording artist Scotty Hasting visited Veterans and caregivers at the Nashville VA Medical Center to perform songs at the bedside. An Army Veteran and Purple Heart recipient himself, he made special connections wi

Limited Edition Capsule Showcases Brands' Most Iconic Workwear Styles Lee and Alpha Industries have launched a new global collaboration celebrating the brands' shared history of workwear apparel and iconic American style. The eight-piece Alpha x Lee capsule reimagines military-inspired designs and heritage details with a contemporary edge, featuring layered indigo and denim hues that bring workwear and utility styles to new heights. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241113997618/en/Lee® and Alpha Industries Launch Capsule Collection of Iconic Workwear Styles. (Photo: ©Lee ©Alpha Industries) This men's collection s

Just in time for early holiday shopping, Lee® announces a curated line of handbags and totes that pay homage to the brand's denim heritage. Made under license by the manufacturer Montana West, the bags are available via Tiktok Shop, a first for the brand, as well as online retail sites. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241101802945/en/Lee® Launches New Handbags Line for Holiday Shopping. (Photo: Business Wire) Made with durable materials like denim and vegan leather, each bag showcases Lee's iconic logo on a classic tote design. This collection embraces the trend of denim bags, which have become increasingly popular

Third Quarter 2024 Highlights Revenue of $670 million increased 2 percent compared to prior year Reported gross margin was 44.7 percent. Adjusted gross margin was 45.0 percent and increased 150 basis points compared to prior year on a reported basis, excluding the out-of-period duty charge in that period Reported EPS was $1.26. Adjusted EPS of $1.37 increased 12 percent compared to prior year on a reported basis, excluding the out-of-period duty charge in that period Inventory decreased 24 percent compared to prior year The Company repurchased $40 million of shares As previously announced, the Company's Board of Directors declared a regular quarterly cash dividend of $0.52 per s

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 $0.52 per share of its common stock, an increase of $0.02 or 4 percent. The cash dividend will be payable on December 19, 2024, to shareholders of record at the close of business on December 9, 2024. "As we maintain an unwavering focus on Total Shareholder Return, we are pleased to announce an increase to our quarterly dividend. This increase reflects managements' and the Board of Directors' confidence in our formula for future success, wh

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 third quarter 2024 financial results on Thursday, October 31, 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

TORONTO, Oct. 08, 2024 (GLOBE NEWSWIRE) -- From concert stages to rodeos and the great outdoors, Coors Original and Wrangler® have crossed paths for years. Now, Western-inspired beer meets authentic Western apparel as the two venerable brands officially collaborate for the first time to introduce Beer Wash Jeans: the first and only Wrangler denim in a Coors wash. Everyone has spilled a little beer on their jeans before; leave it to two trusted friends to take it to a new level. Using repurposed brewing resources from Coors, each pair of Beer Wash Jeans puts a Coors spin on the classic Wrangler Cowboy Cut jean to deliver a soft, comfortable feel and a timeless, vintage look. "With shared

New collaboration brings a Coors Banquet twist to the look and feel of classic Wrangler Cowboy Cut jeans GOLDEN, Colo., Oct. 8, 2024 /PRNewswire/ -- From concert stages and rodeos, to tailgates and honky-tonks, Coors Banquet and Wrangler® have crossed paths for years. Now, genuine Western beer meets authentic Western apparel as the two venerable brands officially collaborate for the first time to introduce Beer Wash Jeans: the first and only Wrangler denim washed in Coors. Everyone has spilled a little beer on their jeans before; leave it to two trusted friends to take it to a

Reimagined Rainwear and Accessories for Men and Women Inspired by Denim Lee® and STUTTERHEIM have partnered together on a collaboration that transforms classic workwear into modern rainwear. The Lee® x STUTTERHEIM collection integrates Lee's enduring workwear designs with advanced Scandinavian waterproof technology. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240924422266/en/Lee® and STUTTERHEIM Launch collection for Men & Women's Rainwear and Accessories. photo credit. ©Lee ©STUTTERHEIM. This collection reinterprets Lee's iconic Storm Rider™ Jacket, Chore Jacket, and Bib Overall, using STUTTERHEIM's cutting-edge waterproof f

The Grammy award-winning country superstar launches her first collection with Wrangler for Fall Winter ‘24 As part of a multi-year partnership, today Wrangler® launched its highly anticipated apparel collaboration with country superstar Lainey Wilson, the first ever for the Grammy-winning recording artist. Next-generation country icon Lainey Wilson's creative energy saddles up with Wrangler's Western heritage to bring consumers a joyful patchwork of contemporary cowgirl style. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240925118643/en/Next-generation country icon Lainey Wilson's creative energy saddles up with Wrangler's Wes

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Third Quarter 2024 Highlights Revenue of $670 million increased 2 percent compared to prior year Reported gross margin was 44.7 percent. Adjusted gross margin was 45.0 percent and increased 150 basis points compared to prior year on a reported basis, excluding the out-of-period duty charge in that period Reported EPS was $1.26. Adjusted EPS of $1.37 increased 12 percent compared to prior year on a reported basis, excluding the out-of-period duty charge in that period Inventory decreased 24 percent compared to prior year The Company repurchased $40 million of shares As previously announced, the Company's Board of Directors declared a regular quarterly cash dividend of $0.52 per s

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 $0.52 per share of its common stock, an increase of $0.02 or 4 percent. The cash dividend will be payable on December 19, 2024, to shareholders of record at the close of business on December 9, 2024. "As we maintain an unwavering focus on Total Shareholder Return, we are pleased to announce an increase to our quarterly dividend. This increase reflects managements' and the Board of Directors' confidence in our formula for future success, wh

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 third quarter 2024 financial results on Thursday, October 31, 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

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

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

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.