Kontoor Brands第三季度营收6.85亿美元：完成出售Lee，全年每股收益指引上调至5.40美元
总部位于北卡罗来纳州吉尔福德县 Greensboro 市的服装公司 Kontoor Brands 11月5日公布2026年第三季度业绩：旗下 Wrangler 与 Helly Hansen 两大品牌收入双双增长，公司已完成出售牛仔品牌 Lee，并上调全年盈利指引、宣布大规模回购计划。
第三季度持续经营营收为6.85亿美元，同比增长3%。其中 Wrangler 全球收入4.85亿美元、增长3%，美国收入增长2%（直营渠道增长7%），国际收入增长6%；Helly Hansen 全球收入1.91亿美元、增长3%，其中运动线1.47亿美元、工装线4,400万美元。
盈利方面，报告口径毛利率升至48.3%，同比提高830个基点；调整后毛利率48.1%，提高230个基点。报告口径营业收入7,700万美元，调整后营业收入1.01亿美元、同比增长6%，调整后营业利润率14.7%。报告口径摊薄每股亏损0.62美元，其中包括与 Helly Hansen 知识产权迁移相关的1.73美元非现金税项；调整后每股收益1.50美元，同比增长40%。
组合调整方面，公司已完成 Lee 业务的出售，净得款项6.98亿美元。公司预计11月初签加速回购协议回购4.00亿美元普通股，第四季度计划回购总额达4.50亿美元，动用现有7.50亿美元回购授权；回购完成后预计剩余额度约2.30亿美元。第三季度公司已通过股息与回购返还股东4,900万美元，季末现金5,600万美元、长期债务11亿美元、库存5.70亿美元（同比下降6%）。季度股息为每股0.54美元，12月18日支付，股权登记日为12月8日。
全年指引方面，公司预计2026年营收约26.8亿美元（同比增长约12%），调整后每股收益上调至5.40美元（同比增长31%，此前指引为5.25至5.35美元），调整后营业收入约4.00亿美元，经营现金流约3.25亿美元。公司同时给出2027年初步展望：调整后每股收益至少6.60美元（增长逾20%），经营现金流至少3.25亿美元。
首席执行官 Scott Baxter 表示，第三季度业绩由 Wrangler 与 Helly Hansen 的增长、强劲盈利与毛利率扩张驱动，公司已顺利完成 Lee 出售并推进 Helly Hansen 整合，今后将围绕两大标志性品牌进入更专注的新阶段。公司总裁兼首席财务官 Joe Alkire 表示，基于对长期战略的信心，公司已把计划回购规模提高到4.50亿美元，并上调全年盈利展望。
Kontoor Brands 旗下拥有 Wrangler 与 Helly Hansen 两大品牌，前者为美式牛仔与休闲服装品牌，后者为挪威户外运动与工装品牌。（来源：Kontoor Brands）
Kontoor Brands Q3 Revenue $685 Million: Lee Divestiture Completed, Full-Year EPS Outlook Raised to $5.40
Kontoor Brands, the apparel company headquartered in Greensboro, Guilford County, North Carolina, on November 5 reported results for its third quarter ended October 3, 2026: revenue at both of its brands, Wrangler and Helly Hansen, grew, the divestiture of the Lee denim business was completed, and the company raised its full-year earnings outlook and announced a large buyback program.
Third-quarter revenue from continuing operations was $685 million, up 3% from a year earlier. Wrangler global revenue was $485 million, up 3%, with U.S. revenue up 2% on a 7% increase in direct-to-consumer and international revenue up 6%. Helly Hansen global revenue was $191 million, up 3%, with Sport revenue of $147 million and Workwear revenue of $44 million.
Reported gross margin rose 830 basis points to 48.3%; adjusted gross margin was 48.1%, up 230 basis points. Operating income was $77 million on a reported basis and $101 million on an adjusted basis, up 6%, for an adjusted operating margin of 14.7%. Reported diluted EPS was $(0.62), including a $1.73 non-cash tax charge related to the migration of Helly Hansen intellectual property; adjusted EPS was $1.50, up 40%.
The company completed the divestiture of Lee, receiving $698 million of net proceeds. It expects to enter accelerated share repurchase agreements in early November to repurchase $400 million of common stock, with total planned fourth-quarter repurchases of $450 million under its existing $750 million authorization; about $230 million is expected to remain after completion. The company returned $49 million to shareholders in the quarter, and ended it with $56 million in cash, $1.1 billion in long-term debt and inventory of $570 million, down 6%. The quarterly dividend is $0.54 per share, payable December 18, 2026, to shareholders of record on December 8.
For full-year 2026, the company expects revenue of about $2.68 billion, up about 12%, adjusted EPS of $5.40, up 31% from the prior outlook of $5.25 to $5.35, adjusted operating income of about $400 million and cash from operations of about $325 million. Its initial 2027 outlook calls for adjusted EPS of at least $6.60, growth of more than 20%, and cash from operations of at least $325 million.
Chief Executive Officer Scott Baxter said third-quarter results were driven by growth in both Wrangler and Helly Hansen, strong earnings and gross margin expansion, and that with the Lee divestiture completed and the Helly Hansen integration advancing, Kontoor enters its next chapter as a more focused company anchored around two iconic brands. President and Chief Financial Officer Joe Alkire said the company increased planned share repurchases to $450 million based on confidence in its long-term strategy, and raised the full-year earnings outlook.
Kontoor Brands owns the Wrangler and Helly Hansen brands, the former an American denim and casual apparel brand and the latter a Norwegian outdoor sport and workwear brand. (Source: Kontoor Brands)
来源：Kontoor Brands
发布：GSM·美国（发布链接）
图片来源：图：北卡罗来纳州 Greensboro 市天际线，Kontoor Brands 总部所在地。Mx._Granger 摄，CC0，经 Wikimedia Commons。 / Photo: The Greensboro, North Carolina skyline, home to Kontoor Brands headquarters. By Mx._Granger, CC0, via Wikimedia Commons.
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