Weaving Modernity With Tradition - STAUD And Wrangler Bring Out New Collection
Portfolio Pulse from Shivani Kumaresan
Los Angeles-based fashion brand STAUD is partnering with Kontoor Brands, Inc. (NYSE:KTB) owned jeanswear brand Wrangler for a new collection. The collaboration will blend modern California denim aesthetic with an authentic Western lifestyle. The limited STAUD + Wrangler collection is available online and in STAUD stores, with prices ranging from 120 - 365 euros. In August, Kontoor Brands reported Q2 sales of $616.01 million and an adjusted EPS of $0.77, beating the consensus of $0.66.
September 07, 2023 | 9:48 am
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Kontoor Brands, Inc. (KTB) partners with STAUD for a new collection under its Wrangler brand. The partnership could potentially boost KTB's sales and brand visibility. KTB recently reported strong Q2 sales, beating consensus estimates.
The partnership with STAUD could potentially increase Kontoor Brands' sales and brand visibility, especially if the collection is well-received by consumers. This, combined with KTB's strong Q2 sales, could have a positive impact on the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100