Kontoor Brands Inc 2026年季度报告

FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July4, 2026 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 KONTOOR BRANDS, INC. (Exact name of registrant as specified in its charter) North Carolina 83-2680248 (State or other jurisdiction of incorporation or organization) (I.R.S. employer identification number) 400 N. Elm StreetGreensboro, North Carolina 27401(Address of principal executive offices) (336) 332-3400(Registrant's telephone number, including area code) Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports)and (2)has been subject to such filing requirements for the past 90 days.YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrantwas required to submit such files).YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule12b-2 of the Exchange Act. Large accelerated filer☑Accelerated filer☐Non-accelerated filer☐Smallerreportingcompany☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No The number of shares of Common Stock of the registrant outstanding as of July31, 2026, was 54,653,620. KONTOOR BRANDS, INC. Table of Contents Part I — Financial Information Item1. Financial Statements (Unaudited)3Consolidated Balance Sheets: June 2026, December 2025 and June 20253Consolidated Statements of Operations: Three and six months ended June 2026 and June 20254Consolidated Statements of Comprehensive Income: Three and six months ended June 2026 and June 20255Consolidated Statements of Cash Flows: Six months ended June 2026 and June 20256Consolidated Statements of Equity: Three and six months ended June 2026 and June 20257Notes to Consolidated Financial Statements8Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations31Item 3. Quantitative and Qualitative Disclosures about Market Risk42Item4. Controls and Procedures42Part II — Other InformationItem1. Legal Proceedings43Item1A. Risk Factors43Item 2. Unregistered Sales of Equity Securities and Use of Proceeds44Item 5. Other Information44Item6. Exhibits44Signatures45 KONTOOR BRANDS, INC.Consolidated Balance Sheets(Unaudited) KONTOOR BRANDS, INC.Consolidated Statements of Comprehensive Income(Unaudited) 5 Kontoor Brands, Inc. Q2 FY26 Form 10-Q KONTOOR BRANDS, INC.Consolidated Statements of Cash Flows(Unaudited) KONTOOR BRANDS, INC.Consolidated Statements of Equity(Unaudited) 7 Kontoor Brands, Inc. Q2 FY26 Form 10-Q KONTOOR BRANDS, INC.Notes to Consolidated Financial Statements(Unaudited) NOTE 1 — BASIS OF PRESENTATION Description of Business Kontoor Brands, Inc. (collectively with its subsidiaries, "Kontoor," the "Company," "we," "us" or "our") is a global lifestyle apparelcompany, with a portfolio led by three of the world's most iconic consumer brands:Wrangler,Lee andHelly Hansen. The Companydesigns, manufactures, procures, sells and licenses apparel, footwear and accessories, primarily under our brand names.Our productsare sold in the United States ("U.S.") and internationally, primarily in the Europe, Middle East and Africa ("EMEA"), Asia-Pacific (“APAC”)and Non-U.S. Americas regions. We also license the use of our brands in certain regions.®®® The Company's products are sold through wholesale and direct-to-consumer channels, primarily through mass merchants, outdoor andsporting goods stores, specialty stores, department stores, Company-operated stores, concession retail stores, independently-operatedpartnership stores, business-to-business through our workwear and uniform businesses and online, including digital marketplaces. InChina, ourHelly Hansen business is operated through a joint venture arrangement.® Planned Divestiture of the LeeBusiness® The Company commenced a sale process of its globalLee brand and associated business (the "Lee business") during the firstquarter of 2026, with an expectation of completing a transaction du