Kontoor Brands, Inc. (NYSE:KTB) Q2 2022 Earnings Conference Call August 4, 2022 8:30 AM ET Company Participants Eric Tracy - Vice President, Corporate Finance and Investor Relations Scott Baxter - Chair and Chief Executive Officer Rustin Welton - Chief Financial Officer Conference Call Participants Mauricio Serna - UBS Bob Drbul - Guggenheim Securities Paul Kearney - Barclays Brooke Roach - Goldman Sachs Will Gardner - Wells Fargo Operator Good day, ladies and gentlemen and welcome to the Kontoor BrandsÂ' Q ...

Financial Data and Key Metrics Changes - Global revenue increased by 5% compared to the previous year, driven by strong performance across brands and categories [11][34] - Earnings per share (EPS) was $1.40, slightly down from $1.43 in the same period last year on an adjusted basis [45] - Gross margin decreased by 140 basis points compared to the adjusted gross margin last year, impacted by inflationary pressures and elevated transitory costs [41][44] Business Line Data and Key Metrics Changes - Wrangler brand revenue increased by 4%, with significant growth in western and workwear categories [37] - Lee brand revenue increased by 7%, with U.S. revenue up by 9% driven by demand at wholesale and digital channels [39] - The core denim long bottoms business was up 8%, while workwear increased nearly 40% and T-shirts were up over 70% [13] Market Data and Key Metrics Changes - U.S. revenue increased by 4%, while international revenue grew by 9%, with EMEA showing a 19% increase [34][36] - In China, revenue was up 3% reported and 1% in constant currency despite COVID lockdowns [16] - European revenue increased by 19%, driven by strength in digital and direct-to-consumer channels [15] Company Strategy and Development Direction - The company is focusing on diversifying distribution channels and expanding into new categories such as outdoor and workwear [12][13] - Investments in digital platforms are reshaping the business model, with significant growth in digital sales [12][18] - The company plans to amplify investments in critical growth enablers such as digitization, demand creation, and talent [17][29] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing macroeconomic challenges, including inflation and supply chain disruptions, but expressed confidence in the company's strategies [8][9] - The company raised its full-year revenue guidance to approximately 10% growth, reflecting strong brand momentum despite challenges in China and EMEA [53][56] - Management emphasized the importance of controlling internal factors, such as product development and demand creation, to navigate the current environment [64] Other Important Information - The company repurchased $23 million in common stock during the quarter, with approximately $100 million remaining under the share repurchase authorization [48] - First quarter inventories increased by 24% compared to last year, as the company chased demand [46] - The company has generated over $600 million in operating cash flow since the start of 2020, allowing for debt reduction and shareholder returns [32] Q&A Session Summary Question: Can you elaborate on the confidence to raise full-year guidance given macro uncertainty? - Management attributed confidence to strong momentum from the previous year and structural changes made within the company, positioning it well for current consumer trends [61][62] Question: How many Lee stores are in China and what is the expectation for demand normalization? - Management indicated that the business in China is healthy, with strong brand presence in Tier 1 cities and optimism for future growth as conditions normalize [74][76] Question: What is the outlook for European performance and any changes in expectations? - Management noted strong first-quarter performance in Europe but anticipated some pressure in Q2 due to timing shifts related to ERP implementation [108] Question: Can you discuss the drivers of sequential improvement in gross margin? - Management highlighted structural margin enhancements and strategic pricing as key drivers, while also acknowledging transitory costs impacting margins [90][92]

Kontoor Brands, Inc. (NYSE:KTB) Q4 2021 Earnings Conference Call March 1, 2021 8:30 AM ET Company Participants Eric Tracy – Vice President-Corporate Finance and Investor Relations Scott Baxter – President, Chief Executive Officer and Chair of the Board Tom Waldron – Global Brand President-Wrangler Chris Waldeck – Global Brand President of Lee Rustin Welton – Chief Financial Officer Conference Call Participants Jay Sole – UBS Brooke Roach – Goldman Sachs Adrienne Yih – Barclays Sam Poser – Williams Trading O ...

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 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' ...

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 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 ...

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 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 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 ...