Benzinga | Aug 6, 2020 08:16AM EDT

Kontoor Brands Q2 Adj. EPS $(0.22) Beats $(0.51) Estimate, Sales $349.25M Beat $288.46M Estimate

Kontoor Brands (NYSE:KTB) reported quarterly losses of $(0.22) per share which beat the analyst consensus estimate of $(0.51) by 56.86 percent. This is a 122.92 percent decrease over earnings of $0.96 per share from the same period last year. The company reported quarterly sales of $349.25 million which beat the analyst consensus estimate of $288.46 million by 21.07 percent. This is a 42.02 percent decrease over sales of $602.36 million the same period last year.