Kontoor (Wrangler) to Open More Stores, Reports Q2 Results
Kontoor Brands reported Q2 2026 consolidated revenue of $584 million, up 19% year‑over‑year, aided by $114 million from the recently acquired Helly Hansen, which outperformed expectations. Wrangler delivered $469 million (up 2%), with DTC growth of 9% in the U.S. and 31% internationally, and the company plans to expand its DTC footprint, including two additional Texas stores. Gross margin expanded 970 basis points to 56.2% and adjusted operating margins improved, though net income fell 12% to $64.8 million. Kontoor raised its 2026 adjusted EPS guidance to $5.25–$5.35 while maintaining full‑year revenue guidance of $2.66–$2.71 billion, announced a $400 million accelerated share repurchase, expects the Lee divestiture to close in Q4, and named Joseph Alkire president (retaining CFO duties).
- •Q2 2026 consolidated revenue $584 million, +19% year‑over‑year; $114 million contributed by Helly Hansen.
- •Wrangler revenue $469 million, +2% year‑over‑year; DTC growth 9% U.S. and 31% international; plans two additional Texas stores.
- •Gross margin expanded 970 basis points to 56.2%; net income declined 12% to $64.8 million.