Kontoor BrandsNYSE: KTB

Consumers have been dealing with mounting pressure as prices rise due to persistent high inflation. In this challenging environment, Kontoor Brands (KTB) CEO Scott Baxter joins Catalysts to discuss how his company continues to thrive despite the current strain on consumer wallets.

Kontoor Brands (KTB) saw positive Q1 results driven by increased market share, new product expansion, and significant growth in its direct-to-consumer (DTC) business.

Kontoor Brands CEO Scott Baxter discusses growth drivers for the company, direct-to-consumer strategy, and other topics on CNBC's 'The Exchange'.

Kontoor Brands (KTB) reported earnings of $1.16 per share for the quarter, surpassing the Zacks Consensus Estimate of $0.90 per share. This is the same as the earnings of $1.16 per share reported in the same quarter last year.

Kontoor Brands Inc. shares rose 4.7% in premarket trading Thursday to a three-year high after the company, which owns the Wrangler and Lee jeans brands, exceeded first-quarter profit and sales forecasts and raised its full-year outlook despite ongoing inventory reductions by retailers. Net income decreased to $59.5 million, or $1.05 per share, compared to $66.3 million, or $1.16 per share, in the same period last year.

GREENSBORO, N.C.--(BUSINESS WIRE)---- $KTB--Kontoor Brands, Inc. (NYSE: KTB), a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today announced plans to release its fourth quarter 2023 financial results on Wednesday, February 28, 2024, at approximately 6:50 a.m. ET. Following the news release, Kontoor management will host a conference call at approximately 8:30 a.m. ET to review results. The conference call will be broadcast l.

Kontoor Brands, the owner of prominent apparel brands Wrangler and Lee, is scheduled to report earnings before the market opens on November 2.  The Street consensus for the company is earnings of $1.18 per share on revenue of $638.68 million, compared to $0.90 per share on revenue of $606.52 million a year earlier.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Investors interested in stocks from the Textile - Apparel sector have probably already heard of Kontoor Brands (KTB) and Lululemon (LULU). But which of these two companies is the best option for those looking for undervalued stocks?