Nov 6, 5:09 PM ET
Kontoor Brands completed the sale of its H.D. Lee Company subsidiary to ABG-Storm LLC, an affiliate of Authentic Brands Group, on November 2, 2026. The company received $750 million in cash at closing, subject to post-closing adjustments, plus up to $250 million in earnout payments tied to the Lee business's performance over five years. The filing says the company anticipates using $400 million for accelerated share repurchases and $50 million for open market repurchases.
- Closing date: November 2, 2026; cash at closing of $750 million before post-closing adjustments
- Pro forma estimate of cash received after adjustments: approximately $698.2 million
- Earnout of up to $250 million over five years; estimated fair value at closing of $77.0 million
- Planned use of proceeds: $400 million in accelerated share repurchases and $50 million in open market repurchases
Read the filing on SEC.gov ↗
Nov 5, 6:51 AM ET
Kontoor Brands reported third-quarter 2026 revenue of $685 million, up 3%, and adjusted diluted EPS of $1.50, up 40%, and raised its full-year 2026 adjusted EPS outlook to $5.40 from $5.25 to $5.35. Reported diluted EPS was $(0.62) because of a $1.73 non-cash tax charge tied to the migration of Helly Hansen intellectual property. The company also plans $450 million of share repurchases in the fourth quarter after completing the divestiture of Lee.
- Q3 revenue of $685 million rose 3%; adjusted EPS of $1.50 rose 40% from prior year.
- Reported diluted EPS was $(0.62), including a $1.73 non-cash tax charge related to Helly Hansen intellectual property migration.
- 2026 adjusted EPS outlook raised to $5.40 from $5.25 to $5.35; revenue outlook is about $2.68 billion.
- Plans $450 million of Q4 share repurchases, including a $400 million accelerated share repurchase, funded partly by $698 million of net proceeds from the Lee sale.
Read the filing on SEC.gov ↗
Oct 22, 6:52 AM ET
Kontoor Brands' board declared a regular quarterly cash dividend of $0.54 per share, an increase of $0.01 or 2 percent. The dividend is payable December 18, 2026, to shareholders of record at the close of business December 8, 2026.
- Quarterly dividend of $0.54 per share, up $0.01 or 2 percent
- Payable December 18, 2026
- Record date is December 8, 2026
Read the filing on SEC.gov ↗
Sep 24, 5:03 PM ET
Kontoor Brands increased its board from seven to nine directors and appointed James T. Caulfield, former PepsiCo CFO, and Michael J. Skipworth, CEO of Wingstop, effective immediately. Both were named to board committees, and the filing does not report any financial results or guidance.
- Board size increased from seven to nine directors on September 23, 2026
- Caulfield, 67, former PepsiCo EVP and CFO, joins Audit and Nominating & Governance committees
- Skipworth, 49, CEO of Wingstop, joins Audit and Talent & Compensation committees
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
