Kontoor(KTB) - 2024 Q1 - Quarterly Results

Exhibit 99.1 Revenue was $631 million and decreased 5 percent (6 percent decrease in constant currency) compared to the prior year. The revenue decline was primarily driven by retailer inventory management actions in the U.S., a decrease in revenue from seasonal product, and lower international revenue, primarily in Europe. • Revenue of $631 million decreased 5 percent compared to prior year • Reported gross margin was 45.2 percent. Adjusted gross margin was 45.7 percent and increased 270 basis points compa ...