Kontoor Brands: Q1 Earnings Insights

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Kontoor Brands KTB reported its Q1 earnings results on Thursday, May 4, 2023 at 06:50 AM.

Here's what investors need to know about the announcement.

Earnings

Kontoor Brands missed estimated earnings by 1.69%, reporting an EPS of $1.16 versus an estimate of $1.18.

Revenue was down $12.62 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.21 which was followed by a 1.15% drop in the share price the next day.

Here's a look at Kontoor Brands's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 0.67 0.88 1 1.22
EPS Actual 0.88 1.11 1.09 1.43
Revenue Estimate 668.80M 610.35M 618.20M 655.33M
Revenue Actual 731.61M 606.52M 613.57M 679.74M

To track all earnings releases for Kontoor Brands visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: EarningsBZI-Recaps
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