Kontoor Brands raised its full-year outlook after a strong second quarter of 2026. The Wrangler and Helly Hansen owner now forecasts revenue of $2.66 billion to $2.71 billion, up 12 to 13 percent from the prior year, and adjusted EPS of $5.25 to $5.35, up from a prior range of $5.15 to $5.25. The outlook includes about $0.55 of unmitigated overhead previously allocated to the Lee business, which Authentic Brands Group agreed to acquire for up to $1 billion in May. Kontoor expects the Lee divestiture to be immaterial to EPS over 12 to 18 months and plans to use proceeds for a $400 million accelerated share repurchase and voluntary debt payments, returning more than $900 million of capital in 2026. Second-quarter revenue rose 19 percent to $584 million, with Wrangler global revenue up 2 percent to $469 million and Helly Hansen revenue at $114 million. The company also appointed Joseph Alkire as president and chief financial officer, effective immediately.
Kontoor Brands IncRaises full-year outlook and announces $400M buyback and debt payments.
Helly Hansen revenue reported at $114 million, contributing to strong quarter.
Agreed to acquire Lee business for up to $1 billion, a strategic acquisition.
