Why Kontoor Brands (KTB) Shares Are Sliding Today [Yahoo! Finance]
Kontoor Brands, Inc. (KTB)
Last kontoor brands, inc. earnings: 3/5 06:50 am
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Source: Yahoo! Finance
The topline growth continued to decline in absolute terms. The company called out the challenging U.S. wholesale environment as retailers were conservative with their inventory management due to uncertain consumer spending patterns. Similarly, its full-year revenue guidance missed. To improve its financial profile amidst a challenging demand landscape, the company introduced Project Jeanius, aimed at delivering between $50 million and $100 million in gross profit improvement and SG&A savings, with a portion to be reinvestment in growth projects. Overall, this was a mediocre quarter for Kontoor Brands. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Kontoor Brands? Access our full analysis report here, it's free What is the market telling us: Kontoor Brands's shares are not very volatile than the market average and over the last year have had only 6 moves greater than 5%. Moves this big are
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KTB
News
- Kontoor Brands (KTB) Q1 Earnings Beat, FY2024 Guidance Up [Yahoo! Finance]Yahoo! Finance
- Kontoor Brands, Inc. (NYSE:KTB) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Kontoor Brands, Inc. (NYSE: KTB) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $68.00 to $77.00. They now have a "buy" rating on the stock.MarketBeat
- Kontoor Brands, Inc. (NYSE: KTB) had its price target raised by analysts at Barclays PLC from $65.00 to $76.00. They now have an "overweight" rating on the stock.MarketBeat
- Should You Be Excited About Kontoor Brands, Inc.'s (NYSE:KTB) 58% Return On Equity? [Yahoo! Finance]Yahoo! Finance
KTB
Earnings
- 5/2/24 - Beat
KTB
Sec Filings
- 5/2/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 4/19/24 - Form 8-K
- KTB's page on the SEC website