Benzinga | Oct 29, 2020 07:12AM EDT

Kontoor Brands Q3 Adj. EPS $1.33 Beats $0.58 Estimate, Sales $583.00M Beat $547.12M Estimate

Kontoor Brands (NYSE:KTB) reported quarterly earnings of $1.33 per share which beat the analyst consensus estimate of $0.58 by 129.31 percent. This is a 40 percent increase over earnings of $0.95 per share from the same period last year. The company reported quarterly sales of $583.00 million which beat the analyst consensus estimate of $547.12 million by 6.56 percent. This is a 8.64 percent decrease over sales of $638.14 million the same period last year.