×
2 434
Fashion Jobs
PRETTYLITTLETHING
Cyber Security Analyst
Permanent · MANCHESTER
PRETTYLITTLETHING
Buyer
Permanent · MANCHESTER
AESOP
Retail Consultant | Fixed-Term | Part-Time | Brighton
Permanent · Brighton
PRETTYLITTLETHING
Senior Affiliate Marketing Executive
Permanent · MANCHESTER
BOOHOO
Ecommerce Trading Executive
Permanent · MANCHESTER
ESTEE LAUDER
Clinique - Consultant - Brown Thomas, Dublin - 15 Hours - Part-Time, Permanent
Permanent · Dublin
SHISEIDO
Nars Account Manager - Harvey Nichols London (37.5 Hours)
Permanent · London
ESTEE LAUDER
Clinique - Consultant - m&s Newcastle - 15 Hours - Part Time, Permanent
Permanent · Newcastle upon Tyne
ESTEE LAUDER
jo Malone London - Marketing And Consumer Engagement Director
Permanent · London
AESOP
Retail Consultant | Part-Time, Permanent | Aesop Selfridges Exchange Square, Manchester
Permanent · Central
BOOHOO
Print Sales Account Manager
Permanent · MANCHESTER
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
ESTEE LAUDER
Mac Cosmetics - Business Manager - Mac Stratford2, London - 37.5 Hours / Week - Full Time, Permanent
Permanent · London
HARRODS
Brand Manager
Permanent · LAKESIDE
HARRODS
Uniformed Security Officer
Permanent · LONDON
VF INTERNATIONAL
Senior Distribution Systems Specialist
Permanent · COALVILLE
ESTEE LAUDER
Bobbi Brown, la Mer And Darphin - CRM & Insights Assistant
Permanent · London
HARRODS
Food Supply Manager
Permanent · LONDON
JOHN LEWIS
Loss Prevention Partner
Permanent · CAMBRIDGE
HEAD OFFICE
Cyber Security Lead – Incident Response
Permanent · BRACKNELL
HEAD OFFICE
Delivery & Operations Manager
Permanent · BRACKNELL
BOOHOO GROUP
Product Manager
Permanent · MANCHESTER
Published
Mar 10, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Kontoor Brands reaffirms 2022 outlook, European business update

Published
Mar 10, 2022

Greensboro, North Carolina-based denim group Kontoor Brands Inc. reaffirmed on Wednesday it expects to report 2022 revenue at a high single-digit percentage increase over 2021 of approximately $2.7 billion.

Kontoor Brands reaffirms 2022 outlook, European business update - Facebook: Wrangler


Ahead of management participation at the UBS Consumer Conference, Kontoor also provided greater detail on its first half 2022 outlook. For the first quarter of 2022, revenue is expected to be in the range of $650 to $660 million or flat to up low-single digits compared to last year. Meanwhile, GAAP EPS is expected to be in the range of $1.15 to $1.25. 

Looking ahead, second quarter revenue is expected to be in the range of $640 million to $650 million, or increasing 30 percent to 32 percent compared to last year, while GAAP EPS is expected to be in the range of $1.25 to $1.35. 

In light of recent events within the European region, the company also added that overall revenue should not be affected by its European business. 

“As a global company, we work across borders every day. We take great pride in creating connections and strengthening communities. Taking care of each other is core to our purpose. On behalf of Kontoor, we condemn the recent unspeakable acts of violence on the people of Ukraine,” said president, CEO and chair of the board, Scott Baxter.

“We do not own or operate direct business in Russia or Ukraine. Third-party relationships in these countries are not material to Kontoor’s European business and is de-minimis to overall Kontoor revenue; however, we will continue to monitor the situation closely.”

Its international business represents approximately 25 percent of total Kontoor revenue. The company’s revenue in Europe is concentrated in developed markets such as France, Germany, Italy, Poland, Scandinavia, Spain and the United Kingdom.

In support of ongoing humanitarian efforts, the company will make a charitable donation through a global philanthropic organization. Kontoor employees in Europe have also donated clothing samples for ongoing relief efforts in Ukraine.

Copyright © 2022 FashionNetwork.com All rights reserved.