Kontoor Brands Forecasts 39.9% Q4 Revenue Rise After $853.2M Quarter
Kontoor Brands generated revenues of $853.2 million last quarter, up 27.3% year on year, and delivered EBITDA above analysts’ forecasts while matching revenue projections. For the quarter ending in March, revenue is expected to rise 39.9% year on year (versus 4.4% a year earlier), following peers Figs and Tapestry, which reported revenue beats of 21.8% and 7.7%, respectively.
1. Last Quarter Performance
Kontoor Brands reported revenues of $853.2 million last quarter, marking a 27.3% increase year on year. The company delivered EBITDA that exceeded analysts’ forecasts while matching revenue expectations, illustrating mixed but overall solid results.
2. Q4 Revenue Outlook
For the quarter ending in March, consensus estimates project revenue growth of 39.9% year on year, a significant acceleration from the 4.4% increase recorded the same period last year. Analysts have largely maintained their projections over the past month, indicating confidence in the company’s seasonal momentum.
3. Peer Comparison
Within the apparel and accessories segment, Figs posted 33% revenue growth and beat forecasts by 21.8%, while Tapestry saw 14% growth and exceeded estimates by 7.7%. Those upside surprises drove respective share gains of 26.3% and 17.1%, setting a positive backdrop for Kontoor’s upcoming results.
4. Analyst Sentiment
Analysts maintain an average price target of $84.56, implying potential upside from current levels, while the stock has climbed 6.4% over the past month, reflecting investor optimism ahead of the earnings report.