Kontoor Brands, Inc. (NYSE: KTB), a global lifestyle apparel company, saw its stock plummet 9.35% in pre-market trading on Tuesday after releasing its fourth quarter and full year 2024 results. While the company reported robust financial performance, its 2025 outlook fell short of analyst expectations, sparking a selloff.
For the quarter, Kontoor posted revenue growth of 4% year-over-year and adjusted earnings per share (EPS) beating estimates. However, the company's 2025 guidance for adjusted EPS and revenue was below analyst consensus forecasts.
The key disappointment was Kontoor's 2025 outlook, which cited conservative retailer inventory management and tempered consumer spending expectations as the main reasons for the underwhelming guidance. The company expects revenue growth of 1-3% and adjusted EPS growth of 6-8% for the year, below Wall Street's estimates.
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