Tranche Update on Kontoor Brands, Inc.'s Equity Buyback Plan announced on August 5, 2021.
May 09, 2022 at 04:36 pm
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From January 2, 2022 to April 2, 2022, the company has repurchased 491,627 shares, representing 0.87% for $22.51 million. With this, the company has completed the repurchase of 1,869,652 shares, representing 3.27% for $97.98 million under the buyback announced on August 5, 2021.
Kontoor Brands, Inc. is a global lifestyle apparel company. The Company designs, manufactures, procures, sells and licenses apparel, footwear and accessories, primarily under the brand names Wrangler and Lee. The Company's segments include Wrangler, Lee and Other. The Wrangler segment offers multiple sub-brands and collections within the Wrangler brand, including 20X, Aura from the Women at Wrangler, Cowboy Cut, Premium Patch, Riggs Workwear, Rock 47, Rustler, Wrangler Retro, Wrangler Rugged Wear and Wrangler All Terrain Gear. The Lee segment includes a range of jeans, pants, shirts, shorts and jackets for adults and children. The Lee brand offers multiple sub-brands and collections, including Lee101, Riders by Lee Indigo and Chic by Lee. The Other segment includes sales and licensing of Rock & Republic, other company-owned brands and private label apparel. Its distribution channels include United States Wholesale, Non-United States Wholesale and direct-to-consumer.