KTB news

Kontoor Brands reported 3% revenue growth in Q3 2026, completed the divestiture of Lee, and raised its adjusted EPS outlook to $5.40 for the full year. The company also expects repurchases of $450 million following the Lee divestiture.

Kontoor Brands, Inc. expanded its board to nine directors with the immediate appointments of Jamie Caulfield and Michael Skipworth. Caulfield brings decades of experience from the CFO role at PepsiCo, while Skipworth is the current CEO of Wingstop.

Kontoor Brands unveiled Helly Hansen's 2030 financial targets to grow revenue to over $1.1 billion and improve margins. The strategy aims to leverage premium outdoor and workwear channels globally.

Kontoor Brands provided unaudited supplemental financial information for fiscal 2025, adjusted for discontinued Lee operations, acquisition integration, and business optimization costs.

Kontoor Brands announced the election of Tom Waldron, a former COO, to its Board of Directors. This leadership change increases the Board size to seven, bringing industry expertise to the company's multi-brand strategy.

Kontoor Brands has entered into a stock purchase agreement to sell The H.D. Lee Company to ABG-STORM LLC, effective May 20, 2026. The transaction includes earnout provisions and represents a significant portfolio restructuring for the apparel company.