LULU - Kontoor Brands' results underscore growing popularity of denim
2024-05-02 14:41:59 ET
Denim’s popularity came through for Kontoor Brands ( NYSE: KTB ) with the parent company of Lee and Wrangler beating profit and sales expectations for the first quarter even as retailers scaled back inventory on more conservative consumer spending. Shares were launched to a record high after the company raised its 2024 earnings guidance to align with Q1 profit and margin results. ...
Kontoor Brands' results underscore growing popularity of denim