Kontoor Brands Q4 Adj. EPS $1.35 Misses $1.36 Estimate, Sales $669.80M Miss $725.41M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kontoor Brands (NYSE:KTB) reported Q4 adjusted EPS of $1.35, missing the $1.36 estimate, and sales of $669.80M, missing the $725.41M estimate. This represents a 53.41% increase in EPS and an 8.45% decrease in sales from the same period last year.
February 28, 2024 | 11:52 am
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Kontoor Brands reported a Q4 adjusted EPS of $1.35, missing estimates by $0.01, and sales of $669.80M, missing estimates by $55.61M. This reflects a significant increase in EPS but a decrease in sales from the previous year.
Missing both EPS and sales estimates, especially with a significant decrease in sales compared to the previous year, is likely to negatively impact investor sentiment and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100