BUZZ-Kontoor Brands falls after lower-than-expected annual sales, profit forecast
ReutersFeb 25, 2025 3:44 PM
Shares of apparel company Kontoor Brands KTB.N down 14.7% at $73.4, their highest percentage loss since April 2020
Company forecasts annual sales in the range of $2.63 billion to $2.69 billion, the midpoint of which is below analysts' expectations of $2.68 billion according to data compiled by LSEG
Expects annual adjusted EPS in the range of $5.20 to $5.30, missing analysts' expectations of $5.37
Co says FY 2025 forecast does not include contribution from acquisition of Helly Hansen and impact from potential changes in tariffs
"We are mindful of the uncertain environment and will continue to manage the business conservatively" - CEO
Including session's move, KTB rose 14.07% YTD
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