Kontoor Brands Reports Q3 2026 Growth Driven by Wrangler and Helly Hansen
Kontoor Brands (KTB) reported strong third-quarter 2026 results, with revenue rising 3% to $685 million. The growth was fueled by performance gains in both the Wrangler and Helly Hansen brands, particularly within direct-to-consumer channels and international markets. Adjusted earnings per share (EPS) saw a significant 40% increase to $1.50, supported by operational efficiencies from 'Project Genius' and favorable tax synergies. The company also finalized the divestiture of its Lee business on November 2, 2026, generating net proceeds of $698 million. Management plans to utilize these funds for debt reduction and aggressive capital return, including a $450 million share repurchase program in Q4. Despite some softening in men's bottoms point-of-sale trends and potential tariff headwinds, Kontoor raised its full-year guidance and established a strong EPS floor for 2027.
Tickers: $KTB
Topics: Divestiture EPS Increase Financial Guidance Revenue Growth Share Repurchases