Kontoor brands reported revenues of $681 million for the fourth quarter. New York News. New York Business portal

2 March 2022

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Kontoor brands reported revenues of $681 million for the fourth quarter

The company's shares and its report

Kontoor Brands (NYSE: KTB), the US apparel manufacturer, has released its Q4 FY2021 results report.

The apparel company's shares closed negative on March 1 at 04:00 a.m. ET. Shares of Kontoor Brands opened at $50.12 and closed at $44.96.

Kontoor Brands shares had a five-day high of $50.15 and a five-day low of $44.60.

Also, as of the first of March, the total volume of shares bought and sold so far since the beginning of the trading day (Volume) is 861,872.

Company report

According to a report from Kontoor Brands, reported revenue for the Q4 was $681 million, up 3 per cent on the fourth quarter of 2020. Revenue for the fiscal year was $2.48 billion, up 18 per cent compared to fiscal year 2020.

Earnings per share for Q4 it was US$0.75. Q4 adjusted earnings per share was US$0.88. Earnings per share for the FY (fiscal year) was US$3.31. Also, adjusted earnings per share for the period was US$4.28.

However, revenue in 2022 is expected to be around USD 2.7 billion. Also, earnings per share in 2022 is expected to be in the range of $4.65 to $4.75.

Kontoor Brands was founded in 2019. Scott Baxter is President, Chief Executive Officer and Chair of the Board of the company.

Persons¹ and Companies¹ in the news

BAXTER Scott

President and Chief Executive Officer of Kontoor Brands

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Kontoor Brands

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