Clothing company Kontoor Brands (NYSE: KTB) will be reporting earnings this Monday before market open. Here’s what to expect.
Kontoor Brands beat analysts’ revenue expectations by 3.7% last quarter, reporting revenues of $658.3 million, up 8.5% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ constant currency revenue estimates and a beat of analysts’ EPS estimates.
Is Kontoor Brands a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Kontoor Brands’s revenue to grow 27.9% year on year to $857.1 million, improving from the 2.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.40 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Kontoor Brands has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Kontoor Brands’s peers in the apparel and accessories segment, some have already reported their Q3 results, giving us a hint as to what we can expect. VF Corp’s revenues decreased 3.5% year on year, beating analysts’ expectations by 0.9%, and Levi's reported revenues up 7%, topping estimates by 2.9%. VF Corp traded down 12.4% following the results while Levi's was also down 12.6%.
Read our full analysis of VF Corp’s results here and Levi’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the apparel and accessories stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5.6% on average over the last month. Kontoor Brands is down 1.7% during the same time and is heading into earnings with an average analyst price target of $89.75 (compared to the current share price of $80.92).
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