Kontoor(KTB) - 2024 Q2 - Quarterly Results

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 ...