Kontoor Brands Lowers FY2026 Adj EPS Guidance from $6.60-$6.70 to $5.25-$5.35 vs $5.22 Est; Lowers FY2026 Sales Guidance from $3.410B-$3.460B to $2.660B-$2.710B vs $2.702B Est
Kontoor Brands (NYSE:KTB) lowers FY2026 Adj EPS guidance from $6.60-$6.70 to $5.25-$5.35 vs $5.22 analyst estimate. Lowers FY2026 sales outlook from $3.410 billion-$3.460 billion to $2.660 billion-$2.710 billion vs
Kontoor Brands (which makes jeans and clothes) just told investors it expects to make much less money and sell much less stuff next year than it said before. When a company cuts its promises like this, it's a sign they're facing tough challenges, so it's worth watching what they do next to fix things.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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