Kontoor Brands Reports Q2 2026 Earnings: Revenue Rises to $584.3M with Strong Performance from Helly Hansen and Wrangler
Kontoor Brands (NASDAQ: KTB) reported second-quarter revenue of $584.3 million for fiscal year 2026, a 19% increase driven by the acquisition of Helly Hansen and growth in its Wrangler brand. Adjusted gross margin expanded to 53.8%, up 710 basis points due to cost savings from Project Jeanius and favorable channel mix. The company also raised full-year revenue guidance to $2.66 billion–$2.71 billion, with adjusted EPS now expected between $5.25 and $5.35. Wrangler's global revenue reached $469 million in the quarter, up 2%, supported by strong performance in direct-to-consumer channels and international markets. Helly Hansen contributed $114 million to total revenue, exceeding internal expectations with pro forma growth of 6%. The company also repurchased shares for $75 million year-to-date at an average price of $75 per share. Kontoor's net debt stood at $1.1 billion as of quarter-end, while inventory levels decreased by 3% due to reductions in the Helly Hansen business.
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