Wrangler parent shares slip after revenue miss
Kontoor Brands Inc. stock fell 6.7% in Thursday trading after the denim company reported first-quarter revenue that missed expectations. Net losses totaled $2.7 million, or 5 cents per share, after net income of $15.4 million, or 27 cents per share, last year. Adjusted EPS was 27 cents, ahead of the FactSet consensus for 22 cents. Revenue totaled $504.5 million, down from $648.3 million and below the $522.0 million FactSet outlook. Kontoor's portfolio of brands includes Wrangler, Lee and Rock & Republic. Читать дальше...