DivestmentAug 5, 2026, 06:57 AM
Kontoor Brands Recasts 2025 Financials for Lee Divestment
AI Summary
Kontoor Brands, Inc. has provided recast unaudited financial information for fiscal year 2025, presenting its Lee business as discontinued operations. This follows the previously disclosed Stock Purchase Agreement on May 20, 2026, to sell the Lee business to ABG-Storm LLC, an affiliate of Authentic Brands Group. The recasting aims to assist investors in understanding the financial impact of the divestment, which was classified as held-for-sale in Q1 2026.
Key Highlights
- Lee business classified as held-for-sale and discontinued operations in Q1 2026.
- Full-year 2025 net revenues from continuing operations were $2.40 billion.
- Full-year 2025 net income from continuing operations was $145.9 million.
- Income from discontinued operations (Lee) was $81.6 million for full-year 2025.
- Diluted EPS for full-year 2025 was $4.05, with $1.45 from discontinued operations.
- Adjusted EBITDA from continuing operations reached $396.8 million in 2025.
- Lee segment net revenues for full-year 2025 were $750.4 million.
- Cash provided by operating activities from continuing operations was $361.9 million in 2025.
Price Impact
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