Kontoor Brands Q2: Challenged In Wholesale, Valuation Fair But Not Opportunistic

TanyaJoy/iStock via Getty Images This article covers Kontoor Brands, Inc. (NYSE:KTB) Q2 2024 results and earnings call. It also reviews the company's valuation and rating. The results were mixed. Revenues were flat, which is typical for many apparel firms in the current cycle. The company improved its guidance, expecting a little better margins for the remainder of the year. On the other hand, Kontoor's results also hid some negative aspects, namely some weaknesses in wholesale and Asia. Further, with a pos ...