Kontoor Brands

Kontoor Brands has appointed C.J. King, effective next Monday, as general manager for Helly Hansen North America Sport. King will be responsible for the commercial strategy and its implementation for the North American sports business and will report to Børre Hegbom, senior vice president and global head of Helly Hansen. King comes from Arc’teryx, where he held leadership roles over the past ten years, most recently as VP/GM North America and VP Global Commercial. Kontoor’s brands include Wrangler, Lee and Helly Hansen. » Mere på de.investing.com

Kontoor Brands has with immediate effect appointed Joseph A. Alkire from executive vice president, CFO and global head of operations to president and chief financial officer. Scott H. Baxter remains CEO and chairman; Alkire's annual salary was set at $900,000, with a target bonus of 120% of base salary and a potential long-term award of $2.6 million, according to an SEC filing. » Mere på de.investing.com

Kontoor Brands reported adjusted EPS of $1.60 in the second quarter versus an expected $1.05 and saw first-half revenue rise 31% to $1.2 billion. Adjusted gross margin increased in H1 by 590 basis points to 52.2%. The company raised its 2026 adjusted EPS outlook to $5.25–$5.35 and lifted its target range for gross margin and adjusted operating income, citing margin improvements and positive effects from the integration of Helly Hansen. The stock rose about 10.25% in pre-market trading and was near its 52-week high. » Mere på de.investing.com

Kontoor Brands has appointed Joseph Alkire as president with immediate effect; he will remain chief financial officer. In the expanded role, Alkire retains global responsibility for Helly Hansen and will additionally oversee Wrangler. Alkire, who joined the company in 2023 and is a member of the executive leadership team, will continue to report to CEO Scott Baxter. » Mere på de.investing.com

Kontoor Brands is repositioning after the takeover of Helly Hansen and is focusing on Wrangler and the outdoor brand Helly Hansen. The strategic sale of the Lee brand is funding new share buybacks and bolstering financial resources for growth. In the first quarter, continuing operations raised revenue by 45%. JPMorgan describes the company as standing at a turning point. » Mere på finanzen.net