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Benzinga
Benzinga
Business
Triveni Kothapalli

Why Is Lee And Wrangler Parent Kontoor Brands Stock Sinking Monday?

Bordeaux,,,France,-,01,03,2025,:,Wrangler,Logo

Kontoor Brands Inc. (NYSE:KTB) on Monday reported its third-quarter earnings, which beat Wall Street estimates, driven by the strength of its expanded brand portfolio, gross margin expansion, and operational execution.

Kontoor Brands is a global lifestyle apparel company that owns denim and outdoor brands like Wrangler, Lee, and Helly Hansen.

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