For Immediate Releases Chicago, IL – October 29, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include The Gorman-Rupp Company (GRC) , Kontoor Brands, Inc. (KTB) , West Pharmaceutical Services, Inc. (WST) and Standex International Corp. (SXI) . Here are highlights from Tuesday's Analyst Blog: Buy These 4 Stocks with New ...

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Everyone has spilled a little beer on their jeans before; leave it to two trusted friends to take it to a new level. Using repurposed brewing resources from Coors, each pair of Beer Wash Jeans puts a Banquet spin on the classic Wrangler Cowboy Cut jean to deliver a soft, comfortable feel and a timeless, vintage look. "In a world where Western wear is a modern classic, Banquet and Wrangler are the real deal," said Marcelo Pascoa, vice president of marketing for the Coors Family of Brands. "We're proud to hav ...

For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Kontoor Brands (KTB) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out. Kontoor Brands is a member of the Consumer Discretionary sector. This group includes 280 individual stocks and currently holds a Zacks Sector Rank of #9. The Zacks Sector Rank includes 16 different groups and is listed in ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. However, the task of finding cutting-edge growth stocks is made easy ...

TanyaJoy/iStock via Getty Images This article covers Kontoor Brands, Inc. (NYSE:KTB) Q2 2024 results and earnings call. It also reviews the company's valuation and rating. The results were mixed. Revenues were flat, which is typical for many apparel firms in the current cycle. The company improved its guidance, expecting a little better margins for the remainder of the year. On the other hand, Kontoor's results also hid some negative aspects, namely some weaknesses in wholesale and Asia. Further, with a pos ...

Kontoor Brands, Inc. (NYSE:KTB) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Michael Karapetian – Vice President, Corporate Development, Strategy, and Investor Relations Scott Baxter – President, Chief Executive Officer and Chair Joe Alkire – Chief Financial Officer Conference Call Participants Ike Boruchow – Wells Fargo Brooke Roach – Goldman Sachs Bob Drbul – Guggenheim Peter McGoldrick – Stifel Mauricio Serna – UBS Paul Kearney – Barclays Laurent Vasilescu – BNP Paribas ...

Kontoor Brands (KTB) came out with quarterly earnings of $0.98 per share, beating the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.77 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 13.95%. A quarter ago, it was expected that this maker of Wrangler and Lee apparel would post earnings of $0.90 per share when it actually produced earnings of $1.16, delivering a surprise of 28.89%. Over the last f ...

Exhibit 99.1 Second Quarter 2024 Highlights • Revenue of $607 million decreased 1 percent compared to prior year • Reported gross margin was 44.7 percent. Adjusted gross margin was 45.2 percent and increased 420 basis points compared to prior year • Reported EPS was $0.92. Adjusted EPS of $0.98 increased 27 percent compared to prior year • Inventory decreased 22 percent compared to prior year • The Company repurchased $25 million of shares and made a $25 million voluntary term loan payment • The Company's B ...

If I could just follow-up on international, it appears that Europe wholesale continues to be a little weaker than we would have expected. I was wondering if you could discuss, relative to your outlook for Europe and Asia provided in February, what are you forecasting for growth in both wholesale and DTC in those markets for the remainder of the year? I just wanted to confirm first on the sales guidance that Q1, like the sales speed, there wasn't really any shift in shipments from Q2 to Q1. And if that's the ...