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Ticker	Price	Change($)	Change(%)	Shares	Volume	Prev Close	Open	Gain($)	Gain(%)

Ticker	Status	Jurisdiction	Filing Date	CP Start	CP End	CP Loss	Deadline

Ticker	Case Name	Status	CP Start	CP End	Deadline	Settlement Amt

Ticker	Name	Date	Analyst Firm	Up/Down	Target ($)	Rating Change	Rating Current

Kontoor Brands FY24 Outlook: Revenue $2.57B - $2.63B Vs. $2.72B Estimate, Adj. EPS $4.65 - $4.75 Vs. $5.12 Estimate

Author: Benzinga Newsdesk | February 28, 2024 07:54am

Full Year 2024 Financial Outlook

Revenue in the range of $2.57 billion to $2.63 billion, reflecting a decrease of 1% to an increase of 1%
Adjusted gross margin in the range of 44.2 percent to 44.4 percent, expanding 170 to 190 basis points compared to the prior year excluding the out-of-period duty charge
Adjusted operating income in the range of $372 million to $382 million, reflecting an increase of 7 percent to 10 percent compared to the prior year excluding the out-of-period duty charge
Adjusted EPS in the range of $4.65 to $4.75, reflecting an increase of 4 percent to 7 percent compared to the prior year excluding the out-of-period duty charge
Cash from operations is expected to exceed $325 million

Posted In: KTB