Kontoor Brands Taps Tom Waldron as COO, Effective March 19, 2024, Taking Over From Co-COO Christopher Waldeck

3/19/24 6:53:08 AM ET

Apparel

Consumer Discretionary

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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.

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Recent Analyst Ratings for
$KTB

Date	Price Target	Rating	Analyst
11/1/2024	$89.00 → $93.00	Buy → Hold	Stifel
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

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Scotty Hasting, Sara Evans, Craig Morgan and More Join Musicians On Call and Wrangler® in Showing Appreciation to Hospitalized Veterans Through Music
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
11/15/24 8:35:00 AM ET
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A New Lee® and Alpha Industries Collaboration Takes Flight
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
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Lee® Launches New Handbags Line on Social and Ecommerce Platforms for Holiday Shopping
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
11/1/24 9:00:00 AM ET
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Kontoor Brands Announces Tom Waldron as Chief Operating Officer
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
3/19/24 6:50:00 AM ET
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Consumer Discretionary
Kontoor Brands Appoints Michael Karapetian as Vice President of Corporate Development, Strategy, and Investor Relations
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
2/7/24 6:50:00 AM ET
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Kontoor Brands Announces Retirement of Chief Financial Officer Rustin Welton and Appoints Joe Alkire as Successor
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
8/21/23 6:50:00 AM ET
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Financials

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Kontoor Brands Reports 2024 Third Quarter Results; Raises Full Year Outlook
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
10/31/24 6:50:00 AM ET
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Kontoor Brands Declares Quarterly Dividend of $0.52 Per Share, a 4 Percent Increase
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
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Kontoor Brands Announces Third Quarter 2024 Earnings and Conference Call Date
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
10/10/24 6:50:00 AM ET
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Apparel
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Kontoor Brands Taps Tom Waldron as COO, Effective March 19, 2024, Taking Over From Co-COO Christopher Waldeck

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Recent Analyst Ratings for $KTB

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Kontoor Brands downgraded by Stifel with a new price target

Kontoor Brands downgraded by Edward Jones

Kontoor Brands upgraded by Barclays with a new price target

$KTB Press Releases

Fastest customizable press release news feed in the world

Scotty Hasting, Sara Evans, Craig Morgan and More Join Musicians On Call and Wrangler® in Showing Appreciation to Hospitalized Veterans Through Music

A New Lee® and Alpha Industries Collaboration Takes Flight

Lee® Launches New Handbags Line on Social and Ecommerce Platforms for Holiday Shopping

$KTB Insider Trading

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EVP, Global Brands President Broyles Jennifer H. sold $1,245,005 worth of shares (13,838 units at $89.97) and exercised 13,838 shares at a strike of $28.10 (SEC Form 4)

Chair, President and CEO Baxter Scott H sold $2,903,269 worth of shares (32,300 units at $89.88) (SEC Form 4)

Chair, President and CEO Baxter Scott H exercised 119,160 shares at a strike of $30.84, sold $9,962,284 worth of shares (119,160 units at $83.60) and gifted 5,753 shares, decreasing direct ownership by 2% to 326,163 units (SEC Form 4)

$KTB SEC Filings

SEC Form 144 filed by Kontoor Brands Inc.

SEC Form 144 filed by Kontoor Brands Inc.

SEC Form 144 filed by Kontoor Brands Inc.

$KTB Leadership Updates

Live Leadership Updates

Kontoor Brands Announces Tom Waldron as Chief Operating Officer

Kontoor Brands Appoints Michael Karapetian as Vice President of Corporate Development, Strategy, and Investor Relations

Kontoor Brands Announces Retirement of Chief Financial Officer Rustin Welton and Appoints Joe Alkire as Successor

$KTB Market Insights

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Stifel Maintains Buy on Kontoor Brands, Raises Price Target to $80

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$KTB Large Ownership Changes

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Amendment: SEC Form SC 13G/A filed by Kontoor Brands Inc.

SEC Form SC 13G/A filed by Kontoor Brands Inc. (Amendment)

SEC Form SC 13G/A filed by Kontoor Brands Inc. (Amendment)

$KTB Financials

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Kontoor Brands Reports 2024 Third Quarter Results; Raises Full Year Outlook

Kontoor Brands Declares Quarterly Dividend of $0.52 Per Share, a 4 Percent Increase

Kontoor Brands Announces Third Quarter 2024 Earnings and Conference Call Date

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