2024-05-17 03:39:00 ET
Summary
- Kontoor Brands faces challenges in wholesale and denim, its main revenue drivers, but is optimistic about DTC and non-denim growth.
- Wholesale sales have decreased across geographies and brands, while DTC sales remain flat.
- KTB is investing in building its brands, with a focus on country-themed collaborations for Wrangler and streetwear collaborations for Lee.
Kontoor Brands ( KTB ) owns Wrangler and Lee, two famous global denim apparel brands....
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The Market Got Excited, But Kontoor Is Still A Hold