Stock Analysis

Kontoor Brands Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line

NYSE:KTB
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Kontoor Brands (NYSE:KTB) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$670.2m (up 2.4% from 3Q 2023).
  • Net income: US$70.5m (up 19% from 3Q 2023).
  • Profit margin: 11% (up from 9.1% in 3Q 2023).
  • EPS: US$1.27 (up from US$1.06 in 3Q 2023).
earnings-and-revenue-history
NYSE:KTB Earnings and Revenue History November 1st 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Kontoor Brands Revenues Beat Expectations

Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Luxury industry in the US.

Performance of the American Luxury industry.

The company's shares are up 11% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Kontoor Brands that you need to take into consideration.

Valuation is complex, but we're here to simplify it.

Discover if Kontoor Brands might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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