Kontoor Brands, Inc. · NYSE:KTB
Kontoor Brands — Q3 2025 Earnings Presentation
17 slides from Kontoor Brands's earnings presentation, Nov 3, 2025
Slide 1: Kontoor Brands Reports 2025 Third Quarter Results; Raises 2025 Outlook
November 3, 2025 Kontoor Brands Reports 2025 Third Quarter Results; Raises 2025 Outlook Third Quarter 2025 Highlights Revenue of $853 million increased 27 percent compared to prior year, including a 2 point impact from a shift in the timing of shipments from the third quarter to the fourth quarter R
Slide 2: Third Quarter 2025 Income Statement Review
visibility, we are raising our full year outlook and are well positioned to finish a record year with momentum.” Third Quarter 2025 Income Statement Review Revenue was $853 million and increased 27 percent compared to prior year. Revenue in the quarter included a 2 point impact from a shift in the t
Slide 3: Balance Sheet and Liquidity Review
$1.44, representing an increase of 5 percent, including a $0.03 contribution from Helly Hansen. Balance Sheet and Liquidity Review The Company ended the third quarter with $82 million in cash and cash equivalents, and $1.34 billion in long-term debt. During the quarter, the Company made a $25 millio
Slide 4: Updated Full Year 2025 Outlook
Revenue is now expected to be at the high end of the prior outlook range of $3.09 to $3.12 billion, representing growth of approximately 19 to 20 percent compared to the prior year. The Company expects Helly Hansen to contribute approximately $460 million to 2025 revenue, compared to the prior outlo
Slide 5: Conference Call Information and Non-GAAP Financial Measures
Eastern Time today, November 3, 2025. The conference will be broadcast live via the Internet, accessible at https://www.kontoorbrands.com/investors. For those unable to listen to the live broadcast, an archived version will be available at the same location. Non-GAAP Financial Measures Adjusted Amou
Slide 6: Forward-Looking Statements
www.KontoorBrands.com. Forward-Looking Statements Certain statements included in this release and attachments are "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are made based on our expectations and beliefs concerning future events impacti
Slide 7: Risk Factors and Uncertainties
those related to climate change; compliance with anti-bribery, anti-corruption and anti-money laundering laws by the Company and third-party suppliers and manufacturers; changes in tax laws and liabilities; the costs of compliance with or the violation of national, state and local laws and regulatio
Slide 8: Condensed Consolidated Balance Sheets
KONTOOR BRANDS, INC. Condensed Consolidated Balance Sheets (Unaudited) (In thousands) September 2025 December 2024 September 2024 ASSETS Current assets Cash and cash equivalents $ 82,428 $ 334,066 $ 269,427 Accounts receivable, net 365,970 243,660 230,435 Inventories 764,988 390,209 461,510 Prepaid
Slide 9: Condensed Consolidated Statements of Cash Flows
KONTOOR BRANDS, INC. Condensed Consolidated Statements of Cash Flows (Unaudited) Nine Months Ended September (In thousands) 2025 2024 OPERATING ACTIVITIES Net income $ 153,695 $ 181,824 Adjustments to reconcile net income to cash provided by operating activities: Depreciation and amortization 34,529
Slide 10: Business Segment Information
KONTOOR BRANDS, INC. Supplemental Financial Information Business Segment Information (Unaudited) Three Months Ended September % Change Constant % Currency (Dollars in thousands) 2025 2024 Change (a) Segment revenues: Wrangler $ 471,231 $ 464,107 2% 1% Lee 186,743 202,343 (8)% (9)% Helly Hansen 185,9
Slide 11: Business Segment Information – Constant Currency Basis
KONTOOR BRANDS, INC. Supplemental Financial Information Business Segment Information – Constant Currency Basis (Non-GAAP) (Unaudited) Three Months Ended September 2025 As Reported Adjust for Foreign Constant (In thousands) under GAAP Currency Exchange Currency Segment revenues: Wrangler $ 471,231 $
Slide 12: Reconciliation of Adjusted and Adjusted Organic Financial Measures
KONTOOR BRANDS, INC. Supplemental Financial Information Reconciliation of Adjusted and Adjusted Organic Financial Measures - Quarter-to-Date (Non-GAAP) (Unaudited) Three Months Ended September (Dollars in thousands, except per share amounts) 2025 2024 Net revenues - as reported under GAAP $ 853,215
Slide 13: Non-GAAP Financial Information
Non-GAAP Financial Information: The financial information above has been presented on a GAAP basis, on an adjusted basis and on an adjusted organic basis, which excludes the operating results from the Helly Hansen acquisition. EBIT, EBITDA and adjusted presentations are non-GAAP measures. See “Notes
Slide 14: Summary of Select Revenue Information
Three Months Ended September 2024 Revenues - As Reported (In thousands) Wrangler Lee Helly Hansen Other Total Channel revenues U.S. Wholesale $ 373,643 $ 105,342 $ — $ 3,577 $ 482,562 International Wholesale 51,599 65,268 — — 116,867 Direct-to-Consumer 38,865 31,733 — 167 70,765 Total $ 464,107 $ 20
Slide 15: Adjusted Return on Invested Capital and Pro Forma Net Leverage Ratio
KONTOOR BRANDS, INC. Supplemental Financial Information Adjusted Return on Invested Capital and Pro Forma Net Leverage Ratio (Non-GAAP) (Unaudited) (Dollars in thousands) Trailing Twelve Months Ended Numerator September 2025 September 2024 Net income $ 217,673 $ 250,595 Plus: Income taxes 54,700 40,
Slide 16: Notes to Supplemental Financial Information
(a) See Note 3 of “Notes to Supplemental Financial Information - Reconciliation of Adjusted and Adjusted Organic Financial Measures” at the end of this document. (b) Operating lease interest is based upon the discount rate for each lease and recorded as a component of rent expense within “Selling, g
Slide 17: Investors and Media Contact Information
View source version on businesswire.com: https://www.businesswire.com/news/home/20251103387987/en/ Investors: Michael Karapetian, (336) 332-4263 Vice President, Corporate Development, Strategy, and Investor Relations Michael.Karapetian@kontoorbrands.com or Media: Julia Burge, (336) 332-5122 Senior D