2023-08-03 06:58:15 ET
- Kontoor Brands press release ( NYSE: KTB ): Q2 Non-GAAP EPS of $0.77 beats by $0.14 .
- Revenue of $616M (+0.3% Y/Y) beats by $8.47M .
- FY’23 revenue is expected to increase at a low-single digit percentage compared to FY’22, consistent with prior outlook
- FY’23 adjusted gross margin is expected to be in the range of 43.5 percent to 44.0 percent, consistent with prior outlook excluding restructuring charges in Q2’23
- FY’23 adjusted EPS is expected to be in the range of $4.55 to $4.75, consistent with prior outlook excluding restructuring charges in Q2’23
- Inventory is now expected to decline in Q3’23 compared to prior year with additional reductions planned in Q4’23
For further details see:
Kontoor Brands Non-GAAP EPS of $0.77 beats by $0.14, revenue of $616M beats by $8.47M