StocksMediumUpdated•Originally published 5 November 2026•Updated 5 November 2026•
1 min read
Kontoor Brands Raises Outlook and Announces $450 Million Share Buyback
Key Facts
1Kontoor Brands reported strong Q3 results driven by growth in Wrangler and Helly Hansen brands and gross margin expansion.
2The company expects to repurchase $450 million of shares following the successful completion of the Lee business divestiture.
3The company provided an initial 2027 outlook and strengthened its current earnings guidance.
Kontoor Brands raised its full-year adjusted EPS outlook to $5.40, up from the previous range of $5.25 to $5.35. The company reported a 40% jump in third-quarter 2026 earnings driven by growth in the Wrangler and Helly Hansen brands, according to a statement via Business Wire.
KTB closed at $81.96 on November 4, 2026, with the stock reaching a day high of $83.95 and a low of $78.82 during the session. The company expects to repurchase $450 million of shares following the successful completion of the Lee business divestiture, while providing an initial 2027 outlook reflecting continued gross margin expansion.