KTB - Kontoor Brands, Inc. (KTB) Q1 2025 Earnings Call Transcript

2025-05-06 11:22:37 ET

Kontoor Brands, Inc. (KTB)

Q1 2025 Earnings Conference Call

May 06, 2025, 08:30 AM ET

Company Participants

Michael Karapetian - VP, Corporate Development, Enterprise Strategy, and IR

Scott Baxter - President, CEO, and Chairman

Joe Alkire - EVP and CFO

Conference Call Participants

Ike Boruchow - Wells Fargo

Brooke Roach - Goldman Sachs

Paul Kearney - Barclays

Peter McGoldrick - Stifel

Laurent Vasilescu - BNP Paribas

Presentation

Operator

Good morning, ladies and gentlemen, and welcome to the Kontoor Brands First Quarter 2025 Earnings Conference Call. At this time, all lines are in a listen-only-mode. Following the presentation we will conduct a question-and-answer session. [Operator Instructions]

I would now like to turn the conference call over to Michael Karapetian, Vice President of Corporate Development, Enterprise Strategy and Investor Relations. Please go ahead.

Michael Karapetian

Thank you, operator, and welcome to the Kontoor Brands first quarter 2025 earnings conference call. Participants on today's call will make forward-looking statements. These statements are based on current expectations and are subject to uncertainties that could cause actual results to materially differ. These uncertainties are detailed in documents filed with the SEC. We urge you to read our risk factors, cautionary language and other disclosures contained in those reports. Amounts referred to on today's call will often be on an adjusted dollar basis, which we clearly defined in the news release that was issued earlier this morning and is available on our website at kontoorbrands.com.

Reconciliations of GAAP measures to adjusted amounts can be found in the supplemental financial tables included in today's news release. These tables identify and quantify excluded items and provide management's view of why this information is useful to investors. Unless otherwise noted, amounts referred to on this call will be in constant currency, which exclude the translation impact of changes in foreign currency exchange rates.

Joining me on today's call are Kontoor Brands' President, Chief Executive Officer and Chairman, Scott Baxter; and Chief Financial Officer, Joe Alkire. Following our prepared remarks, we will open the call for questions. Scott?

Scott Baxter

Thanks, Mike, and thank you all for joining us today. I'd like to begin our call with the exciting news we shared this morning. We have cleared regulatory approval for the acquisition of Helly Hansen. In the coming weeks, we expect to close the transaction and begin the next chapter of our story, fueled by accelerating top line growth, stronger earnings and cash generation and significantly improved capital allocation optionality....

For further details see: