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Kontoor Brands, Inc. (KTB) Q4 2024 Earnings Call Transcript

GREENSBORO, N.C.--(BUSINESS WIRE)--Kontoor Brands, Inc. (NYSE: KTB), a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today reported financial results for its fourth quarter and full year ended December 28, 2024. “2024 was a landmark year for Kontoor driven by continued market share gains, accelerating business fundamentals, increasing capital allocation optionality, and strong returns for our shareholders,” said Sco.

Investors interested in Textile - Apparel stocks are likely familiar with Gildan Activewear (GIL) and Kontoor Brands (KTB). But which of these two stocks is more attractive to value investors?

Kontoor Brands Chair, President, and CEO Scott Baxter joins 'Mad Money' host Jim Cramer to talk acquiring Helly Hansen, international business, and more.

Kontoor Brands Chair, President, and CEO Scott Baxter joins 'Mad Money' host Jim Cramer to talk acquiring Helly Hansen, international business, and more.

In a Thursday interview with CNBC's Jim Cramer, Kontoor Brands CEO Scott Baxter explained why the apparel company purchased outdoor and workwear outfit Helly Hansen, citing growth potential and an expansion of the company's offerings. "This is, far and away, the largest outdoor market in the world, right," Baxter said.

KTB's strong fourth-quarter preliminary results highlight a robust year-end performance, fueled by better-than-expected revenues, earnings and cash flow generation.

Kontoor Brands is acquiring Helly Hansen for $900 million to diversify into the outdoor and workwear market, aiming for long-term growth and value creation. Despite the strategic acquisition, Kontoor Brands remains a 'hold' due to valuation concerns and high interest expenses impacting cash flow. Investors should watch upcoming Q4 2024 results for potential valuation changes and any new guidance from management for 2025.

GREENSBORO, N.C.--(BUSINESS WIRE)--Kontoor Brands, Inc. (NYSE: KTB), a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today reported preliminary financial results for its fourth quarter ended December 28, 2024. “I am pleased with our strong finish to the year, driven by better-than-expected revenue, earnings, and cash generation,” said Scott Baxter, President, Chief Executive Officer and Chairman of Kontoor Brands. “.

GREENSBORO, N.C.--(BUSINESS WIRE)---- $KTB--Kontoor Brands, Inc. (NYSE: KTB), a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced it has signed a definitive agreement to acquire Helly Hansen, the global outdoor and workwear brand. Under the terms of the agreement, Kontoor Brands will acquire 100% of Helly Hansen from Canadian Tire Corporation. “We are thrilled to welcome the Helly Hansen team into Kontoor Brands.