Kontoor(KTB)

Search documents
Kontoor(KTB) - 2021 Q3 - Earnings Call Transcript
2021-11-04 17:37
Kontoor Brands, Inc. (NYSE:KTB) Q3 2021 Earnings Conference Call November 4, 2021 8:30 AM ET Company Participants Eric Tracy - VP, Corporate Finance and IR Scott Baxter - President & CEO Rustin Welton - EVP & CFO Conference Call Participants Adrienne Yih - Barclays Bob Drbul - Guggenheim Securities Unidentified Analyst - UBS Erinn Murphy - Piper Sandler Brooke Roach - Goldman Sachs Sam Poser - Williams Trading Peter McGoldrick - Stifel Nicolaus Operator Greetings and welcome to Kontoor Brands' Q3 Earnings C ...
Kontoor(KTB) - 2021 Q2 - Earnings Call Transcript
2021-08-06 03:30
Kontoor Brands, Inc.'s (NYSE:KTB) Q2 2021 Earnings Conference Call August 5, 2021 8:30 AM ET Company Participants Eric Tracy - Senior Director, Investor Relations Scott Baxter - President & Chief Executive Officer Rustin Welton - Chief Financial Officer Conference Call Participants Jay Sole - UBS Erinn Murphy - Piper Sandler Adrienne Yih - Barclays Plc Bob Drbul - Guggenheim Securities Sam Poser - Williams Trading Brooke Roach - Goldman Sachs Jim Duffy - Stifel Operator Greetings. Welcome to Kontoor Brands' ...
Kontoor Brands (KTB) Investor Presentation - Slideshow
2021-06-04 19:32
INVESTOR DAY M A Y 2 4 , 2 0 2 1 | --- | --- | --- | |---------------------------------------------------------------|-------|-------| | | | | | | | | | | | | | ERIC TRACY | | | | | | | | S E N I O R D I R E C T O R I N V E S T O R R E L A T I O N S | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | KTB INVESTOR DAY 2021 CATALYZING GROWTH KONTOOR DISCLOSURE Forward-Looking Statements Certain statements included in this presentation are "forward-looking stat ...
Kontoor(KTB) - 2021 Q1 - Earnings Call Transcript
2021-05-06 19:28
Kontoor Brands, Inc. (NYSE:KTB) Q1 2021 Earnings Conference Call May 6, 2021 8:30 AM ET Company Participants Eric Tracy - Senior Director, Investor Relations Scott Baxter - President and Chief Executive Officer Rustin Welton - Chief Financial Officer Conference Call Participants Jay Sole - UBS Erinn Murphy - Piper Sandler Adrienne Yih - Barclays Plc Robert Drbul - Guggenheim Securities Sam Poser - Williams Trading LLC Jim Duffy - Stifel, Nicolaus & Co., Inc. Operator Greetings. Welcome to Kontoor Brands Fir ...
Kontoor(KTB) - 2021 Q4 - Annual Report
2021-03-03 21:55
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 2, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number: 001-38854 KONTOOR BRANDS, INC. (Exact name of registrant as specified in its charter) North Carolina 83-2680248 (State or other jurisdi ...
Kontoor(KTB) - 2020 Q4 - Earnings Call Transcript
2021-03-02 17:18
Kontoor Brands, Inc. (NYSE:KTB) Q4 2020 Earnings Conference Call March 2, 2021 8:30 AM ET Company Participants Eric Tracy - Senior Director of Investor Relations Scott Baxter - President & Chief Executive Officer Tom Waldron - Global Brand President, Wrangler Chris Waldeck - Global Brand President, Lee Rustin Welton - Chief Financial Officer Conference Call Participants Adrienne Yih - Barclays Bob Drbul - Guggenheim Securities Erinn Murphy - Piper Sandler Sam Poser - Williams Trading Jay Sole - UBS Operator ...
Kontoor(KTB) - 2020 Q2 - Earnings Call Transcript
2020-08-06 19:43
Kontoor Brands, Inc. (NYSE:KTB) Q2 2020 Results Conference Call August 6, 2020 8:30 AM ET Company Participants Eric Tracy - Senior Director of Investor Relations Scott Baxter - President and Chief Executive Officer Rustin Welton - Chief Financial Officer Conference Call Participants Erinn Murphy - Piper Sandler Bob Drbul - Guggenheim Alexandra Walvis - Goldman Sachs Sam Poser - Susquehanna Adrienne Yih - Barclays Jay Sole - UBS Operator Greetings and welcome to the Kontoor Brands' Second Quarter 2020 Financ ...
Kontoor(KTB) - 2020 Q1 - Earnings Call Transcript
2020-05-07 17:51
Kontoor Brands, Inc. (NYSE:KTB) Q1 2020 Earnings Conference Call May 7, 2020 8:30 AM ET Company Participants Eric Tracy - Senior Director of Investor Relations Scott Baxter - President and Chief Executive Officer Rustin Welton - Chief Financial Officer Conference Call Participants Bob Drbul - Guggenheim Erinn Murphy - Piper Sandler Alexandra Walvis - Goldman Sachs Operator Greetings and welcome to the Kontoor Brands' First Quarter 2020 Conference Call. [Operator Instructions] As a reminder, this conference ...
Kontoor(KTB) - 2019 Q4 - Annual Report
2020-03-11 01:10
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Exact name of registrant as specified in its charter) North Carolina 83-2680248 (State or other jurisdiction of incorporation or organization) (I.R.S. employer identification number) FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 28, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition pe ...
Kontoor(KTB) - 2019 Q4 - Earnings Call Transcript
2020-03-05 19:41
Financial Data and Key Metrics Changes - In 2019, adjusted revenue was $2.52 billion, aligning with guidance of over $2.5 billion, despite pressures from brand elevating initiatives [22][24] - Adjusted EBITDA for 2019 was $341 million, consistent with guidance of $340 million to $360 million [23][72] - Adjusted earnings per share (EPS) for the fourth quarter was $0.97, with a full-year adjusted EPS of $3.84 [72][82] Business Line Data and Key Metrics Changes - Wrangler brand's global revenue declined 5%, with U.S. revenue down 3% due to domestic factors [67][68] - Lee brand's global revenue decreased by 11%, with U.S. revenue down 12% impacted by the retail environment and strategic exits [69][70] - Digital wholesale business grew 52%, indicating strong performance in the direct-to-consumer channel [66][72] Market Data and Key Metrics Changes - U.S. revenues, representing 79% of total revenue, declined 6%, with approximately 4 points driven by strategic quality of sales initiatives [62][63] - International revenues, accounting for 21% of total revenue, fell 13%, primarily due to quality of sales efforts [63][64] - China business increased 2% for the full year, but fourth-quarter revenue was down 7% due to shipment timing [64][86] Company Strategy and Development Direction - The company is focused on a two-horizon strategic plan, with Horizon 1 aimed at establishing a foundation for sustainable growth and Horizon 2 targeting accelerated growth [12][25] - Investments in brand elevation, innovation, and sustainability are key components of the strategy to drive long-term growth [34][50] - The company plans to expand distribution channels and enhance digital capabilities to capture new market opportunities [41][52] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the dynamic environment due to COVID-19 but expressed confidence in the underlying fundamentals of the business [9][26] - The company has created a task force to monitor the coronavirus situation and has contingency plans in place [27][86] - Despite anticipated near-term impacts from COVID-19, management remains optimistic about regaining momentum as conditions normalize [28][93] Other Important Information - The company paid down $127 million in debt within seven months post-separation, exceeding initial guidance [21][24] - A robust free cash flow generation is expected, with projections of over $325 million in cash flow from operations for 2020 [83][84] - The company plans to maintain a dividend payout of $0.56 per share, reflecting a commitment to returning cash to shareholders [21][82] Q&A Session Summary Question: Guidance and coronavirus impact - The guidance excludes the impact of coronavirus, but Q1 is expected to see an additional 4% revenue decline due to the situation [90][96] Question: Trends in China and Europe - Prior to COVID-19, the China business was performing well, with double-digit growth in January, but is now facing challenges due to store closures [97][100] Question: Cash flow and long-term prospects - The company expects significant improvements in working capital, with a cash flow guidance of $325 million excluding ERP expenses [103][105]