Quarterly ResultAug 12, 2026, 06:57 AM
Kontoor Brands Q2 Revenue +19%; Raises FY Outlook; Plans $400M ASR
AI Summary
Kontoor Brands, Inc. reported strong second-quarter 2026 financial results, with revenue from continuing operations increasing 19% to $584 million and adjusted diluted EPS rising 13% to $1.06. Following these results, the company raised its full-year 2026 adjusted EPS outlook to a range of $5.25 to $5.35. Additionally, Kontoor Brands announced its intention to enter into a $400 million Accelerated Share Repurchase agreement upon the closing of the Lee business divestiture, which is expected in the fourth quarter.
Key Highlights
- Q2 revenue from continuing operations increased 19% to $584 million.
- Q2 adjusted diluted EPS rose 13% to $1.06.
- Full-year 2026 adjusted EPS outlook raised to $5.25-$5.35, reflecting 27-29% growth.
- Company plans a $400 million Accelerated Share Repurchase (ASR) agreement.
- Lee business divestiture is on track to close in the fourth quarter.
- Wrangler brand global revenue grew 2% to $469 million in Q2.
- Helly Hansen global revenue was $114 million in Q2.
- Repurchased $50 million of common stock in Q2 at $74 per share.
Price Impact
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