Kontoor Brands experienced a 5 per cent revenue decrease in Q1 FY24, reaching $631 million.
This decline was primarily due to US retail inventory actions and lower international sales, notably in Europe.
However, the company saw improvements in gross margin, which increased to 45.2 per cent, and adjusted operating margin, up to 14.7 per cent.Kontoor Brands experienced a 5 per cent revenue decrease in Q1 FY24, reaching $631 million.
This decline was primarily due to US retail inventory actions and lower international sales, notably in Europe.
However, the company saw improvements in gross margin, which increased to 45.2 per cent, and adjusted operating margin, up to 14.7 per cent.
