Kontoor Brands Q3 2024 Adj. EPS $1.37 Beats $1.26 Estimate, Sales $670.194M Beat $663.537M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kontoor Brands (NYSE:KTB) reported Q3 2024 earnings per share of $1.37, surpassing the analyst estimate of $1.26. The company's sales were $670.194 million, also beating the estimate of $663.537 million. This represents a significant improvement over the previous year's sales of $654.540 million.
October 31, 2024 | 10:54 am
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Kontoor Brands reported better-than-expected Q3 2024 earnings, with EPS of $1.37 beating the estimate of $1.26 and sales of $670.194 million surpassing the $663.537 million estimate.
Kontoor Brands' Q3 2024 earnings exceeded analyst expectations, which is likely to positively impact the stock price in the short term. The EPS beat by 8.73% and sales beat by a significant margin, indicating strong financial performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100