India, Feb. 25 -- Kontoor Brands, Inc. (KTB), a lifestyle apparel company, Tuesday reported net income of $63.98 million or $1.14 per share for the fourth quarter, lower than $68.77 million or $1.21 per share in the same quarter a year ago, primarily impacted by increase in income taxes. Earnings as well as revenue beat estimates.
However, Kontoor Brands provided fiscal 2025 earnings outlook below the consensus estimates. Its shares were more than 4 percent down in pre-market.
Income taxes were $11.54 million for the latest quarter compared with a tax benefit of $3.24 million a year earlier.
Excluding one-time items, adjusted earnings per share rose to $1.38 from $1.28 in the prior year. On average, 6 analysts were expecting earnings of ...