Kontoor Brands, Inc. reported robust financial results for its fourth quarter and full year ended December 28, 2024. Fourth-quarter revenue increased 4% to $699 million, with adjusted EPS of $1.38. For the full year 2024, revenue was $2.61 billion, consistent with the prior year, and adjusted EPS increased 10% to $4.89.
The company achieved significant margin expansion, with full-year adjusted gross margin increasing 260 basis points to 45.1%. Adjusted operating income for the full year grew 9% to $381 million. Kontoor Brands generated approximately $370 million in cash from operations and returned $198 million to shareholders through share repurchases and dividends.
For 2025, Kontoor Brands provided an outlook (excluding Helly Hansen) expecting revenue between $2.63 billion and $2.69 billion, representing 1% to 3% growth. Adjusted EPS is projected to be in the range of $5.20 to $5.30, an increase of 6% to 8%. The company anticipates continued market share gains, gross margin expansion, and strong operating earnings, supported by Project Jeanius benefits.
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