- Kontoor Brands press release ( NYSE: KTB ): Q3 Non-GAAP EPS of $1.11 beats by $0.18 .
- Revenue of $606.52M (-7.0% Y/Y) misses by $8.46M .
- FY2022 Outlook: Revenue is now expected to increase approximately 4% compared to prior guidance of up approximately 6% vs. consensus growth of 3.19%; Gross margin is now expected to approximate 43%; Adjusted EPS is expected to be in the range of $4.35 to $4.40, compared to prior guidance of $4.40 to $4.50 vs. consensus of $4.09; Capital Expenditures are expected to be in the range of $30M to $35M; effective tax rate of approximately 20%.
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Kontoor Brands Non-GAAP EPS of $1.11 beats by $0.18, revenue of $606.52M misses by $8.46M