Kontoor Brands, Inc. (KTB) Form 10-Q — May 14, 2026
Kontoor Brands reported Q1 FY26 net revenues of $613.3 million, a 45% increase year-over-year, driven primarily by the inclusion of Helly Hansen following its May 2025 acquisition. Operating income surged 187% to $90.1 million, benefiting from Helly Hansen's contribution, margin expansion in the Wrangler segment, and a $49 million reduction in cost of goods sold due to recovered IEEPA tariffs. The company classified its Lee business as discontinued operations, having commenced a sale process in Q1 FY26 with an expected completion in fiscal 2026. Lee contributed $31.4 million to net income in the quarter, while continuing operations generated $61.0 million in net income.
Key figures
- Eps
- 1.65
- Revenue
- 613322000
- Net Income
- 92439000
- Total Debt
- 1143747000
- Revenue Yoy
- 45%
- Cash Position
- 56411000
- Operating Income
- 90105000
- Dividend Per Share
- 0.53
- Tariff Receivable
- 53700000
- Gross Margin Percent
- 53.7
- Helly Hansen Revenue
- 176000000
- Share Repurchase Authorization
- 750000000
Price after filing
Close on the filing date to close N calendar days later (from $63.68). Historical, not a forecast.
AI analysis
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