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KTB
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Kontoor Brands Reports Preliminary 2024 Fourth Quarter Results

1. KTB reported strong Q4 2024 results, exceeding expectations in revenue and earnings.

Earnings
+4.01%Current Return
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-0.5%S&P 500
$85.7402/19 06:44 AM EDTEvent Start
$89.1802/20 01:40 PM EDTLatest Updated
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FAQ

Why Bullish?

Better-than-expected financial results usually indicate positive investor sentiment, which can boost KTB's stock price. Historical performance shows that companies with strong earnings often see an uptrend in their share prices.

How important is it?

Strong financial results are crucial for KTB's valuation and can influence market perceptions significantly. The necessity for ongoing performance metrics in the apparel industry ties strongly to KTB's future outlook.

Why Short Term?

Immediate investor reactions to earnings reports tend to drive stock prices quickly. Past examples indicate that positive earnings revisions can lead to short-term gains.

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KTB
GREENSBORO, N.C.--(BUSINESS WIRE)--Kontoor Brands, Inc. (NYSE: KTB), a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler® and Lee®, today reported preliminary financial results for its fourth quarter ended December 28, 2024. “I am pleased with our strong finish to the year, driven by better-than-expected revenue, earnings, and cash generation,” said Scott Baxter, President, Chief Executive Officer and Chairman of Kontoor Brands. “.

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