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

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).

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.

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