Kontoor Brands raises 2026 EPS outlook, authorizes $750 million buyback
Kontoor Brands reported first-quarter 2026 results, raised its full-year adjusted EPS outlook to $6.60 to $6.70 including discontinued operations, and said it plans to divest its Lee business. The Board also authorized a new share repurchase program of up to $750 million, replacing the program announced December 11, 2023, which matters to shareholders because it signals a larger capital return alongside a higher earnings outlook.
Key points
- First-quarter reported EPS was $1.65 including discontinued operations, versus $0.76 a year earlier; continuing operations revenue was $613 million, up 45% including Helly Hansen.
- Full-year adjusted EPS outlook including discontinued operations rose to $6.60 to $6.70 from $6.40 to $6.50.
- Board authorized up to $750 million in share repurchases with no expiration date; the company expects to fund it from operating cash flow and expected Lee divestiture proceeds.
- The company expects to enter a definitive agreement to divest Lee in 2026; Lee revenue is expected to be approximately $750 million.
The filing
Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 07, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.