KTB Latest Report

Performance of the Quarterly Report

Based on the provided data, Kontoor Brands' total operating revenue in December 28, 2024 was RMB699,284,000. Although there is no data on the total operating revenue of the same period in previous years to calculate the year-on-year change, the current total operating revenue can serve as an important reference for the company's revenue level. In addition, recent financial data shows that Kontoor Brands' total revenue in the fourth quarter of 2023 was approximately $699 million, up 4% year-on-year, indicating that the company still maintains a certain growth momentum in the current economic environment.

Key Data in the Financial Report

1. Kontoor Brands' operating revenue in the fourth quarter of 2023 was approximately $699 million, up 4% year-on-year, showing its stable growth ability in the market.

2. The company's total operating revenue in 2024 was RMB699,284,000, reflecting its revenue level in the current economic situation.

3. Kontoor Brands' adjusted gross margin was 44.7%, up 160 basis points from the previous year, indicating an improvement in its profitability.

4. The company acquired the global outdoor and workwear brand Helly Hansen, which is expected to further enhance its market competitiveness.

Peer Comparison

1. Industry-wide analysis: The apparel industry in 2024 may be affected by economic recovery and consumer warming, with overall operating revenue showing a growth trend. According to market research, the increased demand for casual wear will drive sales across the industry. In 2024, China's textile and apparel industry achieved operating revenue of RMB10161.9 billion, up 2.1% year-on-year.

2. Peer evaluation analysis: Compared with other companies in the same industry, Kontoor Brands' total operating revenue of RMB699,284,000 may be at a medium level. A specific assessment needs to be made by comparing its operating revenue with those of major competitors to better evaluate its market position.

Summary

Overall, Kontoor Brands faces a good market environment in 2024, with its operating revenue staying at RMB699,284,000 and its gross margin improving, indicating its enhanced competitiveness and profitability in the market. It is also necessary to pay attention to the overall recovery of the industry and the company's product innovation strategy to further assess its growth potential.

Opportunities

1. By launching new outdoor product lines, Kontoor Brands can attract more consumers and enhance its market share.

2. The acquisition of Helly Hansen may bring synergies, enriching its product line and enhancing brand influence.

3. With the increased demand for casual wear, Kontoor Brands has the opportunity to occupy a larger share in this segment.

Risks

1. Overall consumer spending in 2024 is weak, which may affect the company's revenue growth.

2. Intensified market competition may lead to price pressure, affecting the company's profit margin.

3. Uncertainty in the industry's economic environment may affect consumer purchasing willingness, in turn affecting the company's operating revenue.