Lee news and archive

Kontoor Brands raises outlook after "better-than-expected" Q3

Kontoor Brands, with a portfolio led by Wrangler and Lee, reported third quarter revenue of 670 million dollars, an increase of 2 percent driven by growth in global direct-to-consumer and US wholesale, partially offset by a decline in international wholesale revenue. Earnings per share were 1.26 dollars on a reported basis. On an adjusted basis,...

BusinessFeatured

Kontoor Brands reports Q2 results, raises outlook

Kontoor Brands’ second quarter revenue was 607 million dollars, down 1 percent driven by retailer inventory management actions in the US, the anticipated decrease in revenue from seasonal products and lower international revenue. The company said that the result was partially offset by growth in direct-to-consumer, as well as an approximate...

Fashion |In Pictures

HeyDude and Lee unveil footwear collaboration

Denim brand Lee and casual American footwear brand HeyDude, owned by Crocs, have unveiled a shoe collaboration for the summer. The capsule collection features shoes for men and women, combining HeyDude’s playful comfort with Lee’s workwear heritage and inspired by a coastal vibe. Paul Nugent, senior vice president, chief marketing officer at...

BusinessFeatured

Kontoor Brands raises 2024 earnings outlook

For its first quarter Kontoor Brands revenue was 631 million dollars, a decrease of 5 percent or 6 percent in constant currency compared to the prior year. The company said in a release that revenue decline was primarily driven by retailer inventory management actions in the US, a decrease in revenue from seasonal products, and lower...

BusinessFeatured

Kontoor Brands Q4 revenues drop, announces 'Project Jeanius' to drive growth

Fourth quarter revenue at Kontoor Brands was 670 million dollars, a decrease of 8 percent or 9 percent in constant currency, driven by retailer inventory management actions in the U.S., partially offset by gains in digital wholesale, China and DTC. Full year revenue was 2.61 billion dollars, a decrease of 1 percent. The company’s growth in DTC...

People

Kontoor Brands announces expanded role for Michael Karapetian

Kontoor Brands, Inc. has announced the promotion of Michael Karapetian to vice president of corporate development, strategy, and investor relations. Karapetian will continue to report to executive vice president and chief financial officer, Joe Alkire. Most recently, the company said in a release, he was vice president of corporate development....

Fashion |In Pictures Featured

Fashion and the Super Bowl: A run down of the industry’s most impactful commercials

The final picks for the Super Bowl, the National Football League’s (NFL) championship event, are beginning to narrow down. Next to this, brands that have snapped up a famously prime ad spot during the game are also preparing to unveil their always highly anticipated commercials. Now worth around seven million dollars, these 30-second slots are...

Fashion Featured

Evaluating the sustainability efforts of 5 leading denim brands

Jeans are a mainstay of holiday shopping gift lists but denim has traditionally always been top of the list of the most polluting and wasteful fashion sectors. With over 1 billion pairs of jeans sold annually, in an intensely competitive market, it can be difficult to know where to start as a sustainably-minded shopper. FashionUnited chose five...

Fashion

Diesel teams up with denim competitor Lee

Italian fashion brand Diesel has unveiled a collaboration with denim competitor Lee as part of its Diesel Loves programme that aims to bring brands together to share creative and manufacturing resources to find impactful solutions. Diesel Loves, envisioned by creative director Glenn Martens, aims to challenge the industry standard of brand...

BusinessFeatured

Kontoor Brands Q3 revenues up, earnings increase by 10 percent

For the third quarter, Kontoor Brands, Inc. with a portfolio led by Wrangler and Lee brands, reported revenue of 655 million dollars, up 8 percent or 7 percent constant currency. The company’s gross margin decreased 200 basis points to 41.5 percent, EBITDA was 91 million dollars and EBITDA margin of 13.9 percent decreased 200 basis points....

People

Wrangler, Lee parent Kontoor Brands appoints new CFO

Kontoor Brands, the owner of denim labels Wrangler and Lee, has appointed a new chief financial officer (CFO) as Rustin Welton steps down after four years. Effective August 31, Welton will be succeeded by Joe Alkire, who will also take on the role of executive vice president. In his new role, Alkire will have responsibility for the enterprise...

BusinessFeatured

Kontoor Brands Q2 revenues flat but maintains outlook

Second quarter revenue at Kontoor Brands was 616 million dollars, flat compared to the same period in the prior year. The company said in a release that revenue increases, primarily driven by strength in DTC and international, were tempered by decreases in U.S. wholesale. “We delivered second quarter results largely consistent with our...