Earnings Call Summary | Kontoor Brands(KTB.US) Q1 2024 Earnings Conference
Earnings Call Summary | Kontoor Brands(KTB.US) Q1 2024 Earnings Conference
The following is a summary of the Kontoor Brands, Inc. (KTB) Q1 2024 Earnings Call Transcript:
以下是Kontoor Brands, Inc.(KTB)2024年第一季度财报电话会议记录摘要:
Financial Performance:
财务业绩:
Kontoor Brands reported a Q1 revenue decrease with a 4% decline for Wrangler and 9% decline for Lee due to US wholesale.
Despite this, Wrangler's DTC business saw growth of 8% and Lee's tops business grew by 20%.
Adjusted gross margins increased, owing to lower product costs and channel mix benefits.
The company also returned $48 million to its shareholders in Q1, including $20 million in share repurchases.
Cash from operations projections for the year are above $335 million.
The full-year gross margin is expected at approximately 44.6% with an EPS between $4.70 and $4.80.
Kontoor Brands报告称,由于美国的批发,第一季度收入下降,牧马人下降了4%,李下降了9%。
尽管如此,牧马人的DTC业务仍增长了8%,而Lee的顶级业务增长了20%。
由于产品成本降低和渠道组合优势,调整后的毛利率有所增加。
该公司还在第一季度向股东返还了4,800万美元,其中包括2000万美元的股票回购。
该年度的运营现金预计将超过3.35亿美元。
全年毛利率预计约为44.6%,每股收益在4.70美元至4.80美元之间。
Business Progress:
业务进展:
The momentum for both Wrangler and Lee brands remain strong, with successful efforts to diversify beyond denim bottoms.
There's an increase in targeted investments into DTC and digital platforms for higher efficiency and stronger returns.
The company has embarked on Project Genius, aimed at increasing organizational efficiency and profitability through restructuring.
Expansion in Europe is expected due to potential trends.
The company has a capital reinvestment strategy focusing on business growth and increased dividends.
There has been successful expansion into new retailers and market share gained due to high-quality product production and marketing strategies.
The company is expecting an acceleration in revenue from expansion at both existing and new customers, supported by significant investments in marketing and innovation for back-half channel launches.
Wrangler和Lee品牌的势头仍然强劲,成功地实现了牛仔裤以外的多元化。
为了提高效率和更高的回报,对DTC和数字平台的定向投资有所增加。
该公司已启动Genius项目,旨在通过重组提高组织效率和盈利能力。
由于潜在的趋势,预计将在欧洲扩张。
该公司的资本再投资战略侧重于业务增长和增加股息。
由于高质量的产品生产和营销策略,成功地向新的零售商扩张并获得了市场份额。
该公司预计,在下半年渠道发布的营销和创新方面的大量投资的支持下,现有和新客户的扩张将增加收入。
More details: Kontoor Brands IR
更多详情: Kontoor Brands IR
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译文内容由第三方软件翻译。