American firm Kontoor Brands’ revenue jumps 8% in Q3 FY23

Kontoor Brands reported an 8 per cent revenue increase to $655 million in Q3 FY23, led by strong US market performance.
Wrangler brand’s revenues climbed by 9 per cent, while Lee brand’s revenue was up 5 per cent to $208 million.
The company’s international sales dipped, while gross margin fell.
EPS rose to $1.05, with inventory down by 11 per cent.

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