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Kontoor Brands (KTB) Q4 Earnings: What To Expect

KTB Cover Image

Clothing company Kontoor Brands (NYSE: KTB) will be reporting earnings this Tuesday before market hours. Here’s what you need to know.

Kontoor Brands met analysts’ revenue expectations last quarter, reporting revenues of $853.2 million, up 27.3% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ EBITDA estimates but revenue in line with analysts’ estimates.

Is Kontoor Brands a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Kontoor Brands’s revenue to grow 39.9% year on year, improving from the 4.4% increase it recorded in the same quarter last year.

Kontoor Brands Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Kontoor Brands has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Kontoor Brands’s peers in the consumer discretionary - apparel and accessories segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Figs delivered year-on-year revenue growth of 33%, beating analysts’ expectations by 21.8%, and Tapestry reported revenues up 14%, topping estimates by 7.7%. Figs traded up 26.3% following the results while Tapestry was also up 17.1%.

Read our full analysis of Figs’s results here and Tapestry’s results here.

Investors in the consumer discretionary - apparel and accessories segment have had steady hands going into earnings, with share prices flat over the last month. Kontoor Brands is up 6.4% during the same time and is heading into earnings with an average analyst price target of $84.56 (compared to the current share price of $65.24).

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