Kontoor Brands, Inc. (NYSE:KTB) is reporting third quarter earnings results on Thursday 29th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.58 per share from $ 548.96 million in revenue.
For the full year, analysts predict revenues of $ 2015.83 million, while looking forward to income of $ 1.33 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 3.55 ~ $ 3.65 per share
Click Here For More Historical Outlooks Of Kontoor Brands, Inc.
Previous Quarter Performance
Kontoor Brands, Inc. disclosed loss for the second quarter of $ 0.22 per share, from the revenue of $ 349.25 million. The consensus estimates are loss of $ 0.51 per share from $ 288.46 million in revenue. The bottom line results beat street analysts by $ 0.29 or 56.86 percent, at the same time, top line results outshined analysts by $ 60.79 million or 21.07 percent.
Stock Performance
Shares of Kontoor Brands, Inc. traded low $ -1.29 or -3.96 percent on Wednesday, reaching $ 31.25 with volume of 909.60 thousand shares. Kontoor Brands, Inc. has traded high as $ 32.08 and has cracked $ 30.87 on the downward trend
According to the previous trading day, closing price of $ 31.25, representing a 152.05 % increase from the 52 week low of $ 12.91 and a 24.75 % decrease over the 52 week high of $ 43.24.
The company has a market capital of $ 1.78 billion and is part of the Consumer Cyclical sector and Apparel Manufacturing industry.
Conference Call
Kontoor Brands, Inc. will be hosting a conference call at 8:00 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.kontoorbrands.com
Kontoor Brands, Inc. designs, manufactures, sources, markets, and distributes apparel under the Wrangler and Lee brands in the United States and internationally. The company sells its products primarily through mass and mid-tier retailers, specialty stores, department stores, and retailer-owned and third-party e-commerce sites, as well as sell its products through direct-to-consumer channels, including full-price stores, outlet stores, and its Websites.
