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Kontoor Brands (KTB) investor relations material
Kontoor Brands Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary3 Nov, 2025
Executive summary
Q3 2025 revenue rose 27% year-over-year to $853.2 million, driven by the Helly Hansen acquisition and double-digit growth, while Wrangler continued market share gains and Lee took steps to improve marketplace health.
Adjusted gross margin expanded 80 bps to 45.8%, but reported gross margin declined 340 bps to 41.3% due to restructuring, tariffs, and higher product costs.
Adjusted EPS was $1.44, up 5% year-over-year, while net income fell 48% to $36.9 million due to higher restructuring and integration costs.
Integration of Helly Hansen is progressing, with synergy opportunities identified for 2026; acquisition completed May 31, 2025, funded by new debt and cash.
Project Genius/Jeanius continues to deliver cost savings, supporting reinvestment and profitability improvements.
Financial highlights
Wrangler global revenue grew 2% to $471 million; Lee global revenue declined 8–9% to $187 million; Helly Hansen contributed $185.9–$193 million in Q3 revenue.
Adjusted operating income increased 14% to $122 million; adjusted operating margin was 14.3%, down 160 bps year-over-year.
Inventory ended at $765 million; excluding Helly Hansen, $560 million, up 21% year-over-year.
Net debt at $1.3–$1.34 billion, with pro forma net leverage ratio of 2.5x–4.2x.
Board declared a quarterly dividend of $0.53 per share, up 2%.
Outlook and guidance
Full-year 2025 revenue expected at the high end of $3.09–$3.12 billion, up 19–20%, with Helly Hansen to contribute ~$460 million.
Adjusted gross margin for the year expected at 46.4%, up 130 bps; adjusted EPS now $5.50, up 12%.
Q4 revenue guidance: $970–$980 million, up 39–40%, including a 53rd week benefit.
Cash from operations expected at $400 million, above prior outlook; $185 million voluntary term loan payment planned in Q4.
Capital expenditures for 2025 expected at $25 million.
Project Jeanius: Q3 quantifiable benefits
Lee China inventory management actions
Impact of $235M debt payment on leverage
Helly Hansen U.S. growth strategy details?
Lee's path to sustained growth and timing?
Jeanius savings: flow-through vs. reinvestment?
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Next Kontoor Brands earnings date
Q4 202525 Feb, 2026
Next Kontoor Brands earnings date
Q4 202525 Feb, 2026
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Frequently asked questions
Kontoor Brands, Inc. designs, manufactures, procures, markets, and distributes apparel under the Wrangler and Lee brands in the United States and internationally. It offers jeans under the Wrangler brand; and various types of casual clothing under the Lee brand. The company sells its products primarily through mass and mid-tier retailers; specialty stores; department stores; retailer-owned and third-party e-commerce sites; and direct-to-consumer channels, including full-price and outlet stores, as well as through its websites. As of January 2, 2021, it operated 86 retail stores across the Americas, Europe, the Middle East, Africa, and the Asia-Pacific regions. Kontoor Brands was incorporated in 2018 and is headquartered in Greensboro, North Carolina.
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