Kontoor Brands Q2 Adj. EPS $1.06 Beats $1.03 Estimate, Sales $584.288M Miss $605.723M Estimate

Kontoor Brands (NYSE:KTB) reported quarterly earnings of $1.06 per share which beat the analyst consensus estimate of $1.03 by 2.91 percent. This is a 20.3 percent decrease over earnings of $1.33 per share from the same period last year. The company reported quarterly sales of $584.288 million which missed the analyst consensus estimate of $605.723 million by 3.54 percent. This is a 11.24 percent decrease over sales of $658.259 million the same period last year.