2023-05-04 06:53:10 ET
- Kontoor Brands press release ( NYSE: KTB ): Q1 GAAP EPS of $1.16 misses by $0.03 .
- Revenue of $667.1M (-1.9% Y/Y) misses by $4.81M .
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Full Year 2023 Financial Outlook
- FY’23 revenue is expected to increase at a low-single digit percentage compared to FY’22, consistent with prior outlook
- FY’23 gross margin is expected to be in the range of 43.5 percent to 44.0 percent, consistent with prior outlook
- FY’23 EPS is expected to be in the range of $4.55 to $4.75, consistent with prior outlook vs $4.59 consensus
- Inventory growth is anticipated to be in line with revenue growth by quarter-end Q3'23
For further details see:
Kontoor Brands GAAP EPS of $1.16 misses by $0.03, revenue of $667.1M misses by $4.81M