Tiger Brokers

BUZZ-Kontoor Brands falls after lower-than-expected annual sales, profit forecast

Reuters
Feb 25, 2025
BUZZ-Kontoor Brands falls after lower-than-expected annual sales, profit forecast

** Shares of apparel company Kontoor Brands KTB.N down 14.7% at $73.4, their highest percentage loss since April 2020

** Company forecasts annual sales in the range of $2.63 billion to $2.69 billion, the midpoint of which is below analysts' expectations of $2.68 billion according to data compiled by LSEG

** Expects annual adjusted EPS in the range of $5.20 to $5.30, missing analysts' expectations of $5.37

** Co says FY 2025 forecast does not include contribution from acquisition of Helly Hansen and impact from potential changes in tariffs

** "We are mindful of the uncertain environment and will continue to manage the business conservatively" - CEO

** Including session's move, KTB rose 14.07% YTD

(Reporting by Aamir Sohail in Bengaluru)

((Aamir.Sohail@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10