Kontoor Brands Reports Third-Quarter Revenue of $685.35 Million, EPS Loss of $0.54
Third-quarter revenue rose 3% year over year, while the company swung to a net loss, primarily reflecting a $95.0 million non-cash discrete tax expense tied to legal-entity restructuring for the Helly Hansen integration.
Kontoor Brands’ third-quarter revenue rose 3% year over year, while it swung to a net loss, primarily reflecting a $95.0 million non-cash discrete tax expense tied to legal-entity restructuring for Helly Hansen integration. Higher earnings at Wrangler and Helly Hansen and lower restructuring charge…