Kontoor Brands expands board with appointment of two new directors

Kontoor Brands outlined Helly Hansen's growth strategy, targeting over $1.1B in revenue by 2030, a 10% CAGR from $675.1M in FY25. The plan focuses on U.S. expansion and premium outdoor/workwear. The company also aims for mid- to high-50s% gross margins, mid-teens% operating margins, and over $500M in cumulative cash generation through 2030, according to its SEC filing.

Kontoor Brands (KTB) reported Q2 2026 sales of $584.29M, up year-over-year, but lower net income. The company completed a $50M share buyback and promoted Joseph Alkire to President-CFO, overseeing key brands. Full-year guidance was updated, and the company projects $2.7B revenue and $393.2M earnings by 2029.

Kontoor Brands (KTB) reported Q2 2026 revenue of $584.3M, up 19%, driven by Helly Hansen's contribution and Wrangler's 2% growth. Adjusted EPS was $1.06, exceeding expectations. Wrangler's direct-to-consumer and female business grew 9% and 20%, respectively. Helly Hansen's revenue exceeded expectations. The company raised full-year revenue and EPS outlooks, with net debt at $1.1B. Management plans to focus on Wrangler and expand Helly Hansen globally.

Kontoor Brands (NYSE:KTB) plans to sell its Lee brand to Authentic Brands Group in a deal valued at up to $1 billion. The company says the divestiture should be immaterial to earnings per share over the next 12 to 18 months and will redeploy proceeds. Kontoor expects 2026 revenue guidance of $2.66b to $2.71b.

UBS said Kontoor Brands (owner of Wrangler and Helly Hansen) could rise nearly 70%, reiterating a buy rating and raising its price target to $136 from $131. UBS analyst Mauricio Serna cited long-term growth potential. Kontoor shares are up about 36% YTD, helped by strong Q2 results and higher full-year guidance, plus plans to sell its Lee denim brand to Authentic Brands Group for up to $1B.

Kontoor Brands (NYSE: KTB) reported Q2 2026 revenue from continuing operations of $584 million, up 19% year over year, driven by $114 million Helly Hansen revenue and 2% Wrangler growth. Reported diluted EPS was $1.03, adjusted EPS $1.06. It raised full-year adjusted EPS to $5.25 to $5.35 and expects a $400 million accelerated share repurchase after the Lee divestiture.