Kontoor Brands reported Q2 FY24 revenue of $607 million, a 1 per cent decrease.
Despite this, gross margin increased by 410 basis points to 44.7 per cent.
The company’s adjusted EPS rose 27 per cent to $0.98.
US revenue fell 1 per cent; international revenue dropped 6 per cent.
Wrangler’s revenue grew 1 per cent, while Lee’s decreased 7 per cent.Kontoor Brands reported Q2 FY24 revenue of $607 million, a 1 per cent decrease.
Despite this, gross margin increased by 410 basis points to 44.7 per cent.
The company’s adjusted EPS rose 27 per cent to $0.98.
US revenue fell 1 per cent; international revenue dropped 6 per cent.
Wrangler’s revenue grew 1 per cent, while Lee’s decreased 7 per cent.
American firm Kontoor Brands’ revenue at $607 mn in Q2 FY24
