Kontoor(KTB) - 2023 Q4 - Annual Results

Exhibit 99.1 KONTOOR BRANDS REPORTS 2023 FOURTH QUARTER AND FULL YEAR RESULTS; PROVIDES 2024 OUTLOOK AND ANNOUNCES PROJECT JEANIUS GLOBAL TRANSFORMATION Fourth Quarter 2023 Highlights Full Year 2023 Highlights Full Year 2024 Financial Outlook Fourth Quarter 2023 Income Statement Review Revenue was $670 million, decreasing 8 percent (9 percent decrease in constant currency) compared to the prior year. Revenue decreases were primarily driven by retailer inventory management actions in the U.S., partially offs ...