KI

Kontoor Brands, Inc.

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Company Research Report: Kontoor Brands, Inc.



Company Overview



  • Name: Kontoor Brands, Inc.

  • Mission: Kontoor Brands is dedicated to growing iconic brands through innovation, design, and sustainable performance to excite consumers. They emphasize making a positive impact on the world by driving brand growth and delivering long-term value.

  • Founded: Information not specifically stated.

  • Key People: Detailed executive leadership positions are not provided in the data.

  • Headquarters: Greensboro, North Carolina, USA

  • Number of Employees: More than 14,000

  • Revenue: The data mentions 2023 revenues for Wrangler at $1.75B and Lee at $842.5M. Total revenue for Kontoor Brands not provided.

  • What the Company is Known For: Kontoor Brands is known for its global lifestyle apparel, particularly through its iconic denim brands, Wrangler® and Lee®.


Products



Wrangler


  • Overview: An iconic American apparel brand known for quality, comfort, and style with a rich legacy rooted in the American West.

  • Key Features:

  • Renowned for classic jeans and apparel.

  • Known for innovative style, enduring comfort, and quality craftsmanship.

  • Largest collaboration with artist Lainey Wilson as an example of its influence.


Lee


  • Overview: A pioneer in denim and casual lifestyle apparel known for its purposeful design and craftsmanship.

  • Key Features:

  • Offers a range of styles with movement-inspired innovations.

  • Known for superior fit and versatile styling.

  • Recent collaboration with STUTTERHEIM for innovative rainwear.


Rock & Republic


  • Overview: Known for edgy styles and quality craftsmanship in premium denim.

  • Key Features:

  • Offers a full lifestyle collection rooted in glamorous, edgy styles.


Recent Developments



New Products and Partnerships


  • Lee and STUTTERHEIM Collaboration:

  • Launched new rainwear integrating Lee's workwear design with Scandinavian waterproof technology. This includes men’s and women’s waterproof Storm Rider™ jackets and a variety of functional rainwear accessories.


  • Wrangler Collaborations:

  • Collaborated with artist Lainey Wilson on significant fashion projects, highlighting the intersection of Western fashion with modern trends.


  • Lee Golf Collection:

  • Released a new golf collection for men, further diversifying its product offerings.


Financial Developments


  • Dividends and Financial Outlook:

  • Kontoor Brands announced a quarterly dividend of $0.52 per share, marking a 4% increase. The company has also been actively raising its financial outlook for 2024.


  • Upcoming Financial Results:

  • The third quarter 2024 earnings results are to be announced, following which a conference call is planned for stakeholders.


Strategic Initiatives


  • Kontoor Brands focuses on leveraging its global platform to drive brand growth. Their strategic initiatives include sustainability focuses and advancing business supply chain and design capabilities.


Sustainability and Community Engagement


  • Recently, Kontoor Brands engaged in significant community partnership programs, notably with the Kellin Foundation, to foster hope and community service in Greensboro.


Additional Notes


  • Social Presence: Active on platforms such as Instagram and LinkedIn for broader consumer engagement.

  • NYSE Listing: Kontoor Brands is publicly listed on the NYSE under ticker symbol KTB.


This report compiles the current and relevant data for Kontoor Brands, reflecting its position and operations within the apparel sector.