GREENSBORO, N.C. (AP) — GREENSBORO, N.C. (AP) — Kontoor Brands Inc. (KTB) on Monday reported profit of $36.9 million in its third quarter.
On a per-share basis, the Greensboro, North Carolina-based company said it had net income of 66 cents. Earnings, adjusted for restructuring costs and costs related to mergers and acquisitions, came to $1.44 per share.
The maker of Wrangler and Lee apparel posted revenue of $853.2 million in the period.
For the current quarter ending in December, Kontoor expects its per-share earnings to be $1.64.
The company said it expects revenue in the range of $970 million to $980 million for the fiscal fourth quarter.
Kontoor expects full-year earnings to be $5.50 per share, with revenue ranging from $3.09 billion to $3.12 billion.
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