Kontoor Brands Sees FY24 Adjusted EPS Of $4.80 Vs. $4.71 Estimate (Prior View: $4.70 to $4.80), Sees Revenues Of $2.57B-$2.63B Vs. $2.6B Estimate
Portfolio Pulse from Benzinga Newsdesk
Kontoor Brands has updated its FY24 financial outlook, projecting adjusted EPS of $4.80, slightly above the $4.71 estimate. Revenue is expected to be between $2.57B and $2.63B, close to the $2.6B estimate. Adjusted gross margin and operating income are also expected to improve.
August 01, 2024 | 11:04 am
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Kontoor Brands has updated its FY24 financial outlook, projecting adjusted EPS of $4.80, slightly above the $4.71 estimate. Revenue is expected to be between $2.57B and $2.63B, close to the $2.6B estimate. Adjusted gross margin and operating income are also expected to improve.
Kontoor Brands' updated financial outlook for FY24 shows positive adjustments in key metrics such as adjusted EPS, gross margin, and operating income. These improvements are likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100