GREENSBORO, N.C. (AP) — GREENSBORO, N.C. (AP) — Kontoor Brands Inc. (KTB) on Tuesday reported fourth-quarter profit of $51.6 million.
On a per-share basis, the Greensboro, North Carolina-based company said it had net income of 91 cents. Earnings, adjusted for restructuring gains, were 88 cents per share.
The maker of Wrangler and Lee apparel posted revenue of $731.6 million in the period.
For the year, the company reported profit of $245.5 million, or $4.31 per share. Revenue was reported as $2.63 billion.
Kontoor expects full-year earnings to be $4.55 to $4.75 per share.
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