Mergers & Acquisitions ·
Kontoor Brands, Inc. filed a Current Report to provide supplemental unaudited financial information for its Lee…
KTBKontoor Brands, Inc.
Kontoor Brands, Inc. filed a Current Report to provide supplemental unaudited financial information for its Lee business, classified as discontinued operations, following the May 20, 2026 Stock Purchase Agreement with ABG-Storm LLC, an affiliate of Authentic Brands Group. The agreement obligates Kontoor to sell all outstanding shares of its wholly-owned subsidiary, The H.D. Lee Company, Inc., subject to customary closing conditions. The filing presents recast financial data for the four quarters of fiscal 2025 and the full year ended January 3, 2026, separating continuing operations from the discontinued Lee segment. For the twelve months ended December 2025, total net revenues were $2,402.1 million, with income from continuing operations at $145.9 million and income from discontinued operations at $81.6 million. The company operates in the apparel industry, manufacturing and marketing denim jeans and outdoor lifestyle brands.