Kontoor Brands' (KTB) CEO Scott Baxter on Q2 2019 Results - Earnings Call Transcript

Aug. 08, 2019 3:33 PM ETKontoor Brands, Inc. (KTB) StockKTB
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Q2: 2019-08-08 Earnings Summary

EPS of $0.96 beats by $0.29
 | Revenue of $602.36M beats by $10.99M

Kontoor Brands, Inc. (NYSE:KTB) Q2 2019 Earnings Conference Call August 8, 2019 8:30 AM ET

Company Participants

Eric Tracy – Senior Director-Investor Relations
Scott Baxter – President and Chief Executive Officer
Rustin Welton – Chief Financial Officer

Conference Call Participants

Bob Drbul – Guggenheim Securities
Erinn Murphy – Piper Jaffray
Jim Duffy – Stifel
Sam Poser – Susquehanna
Heather Balsky – Bank of America
Alex Walvis – Goldman Sachs

Operator

Greetings and welcome to the Kontoor Brands Second Quarter 2019 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Eric Tracy, Senior Director of Investor Relations. Thank you, sir. You may begin.

Eric Tracy

Thank you. Good morning, everyone, and welcome to Kontoor Brands second quarter 2019 earnings conference call. We’re pleased that you’ve joined us for our first ever earnings call.

Participants on today’s call will make forward-looking statements. These statements are based on current expectations and are subject to uncertainties that could cause actual results to differ materially. These uncertainties are detailed in our documents regularly filed with the Securities and Exchange Commission. We urge you to read the risk factors, cautionary language and other disclosures contained in those reports.

Amounts referred to on today’s call will often be on an adjusted dollar basis, which we clearly defined in the news release that was issued this morning. Adjusted amounts exclude the impact of restructuring and separation costs, changes in our business model and other adjustments. Reconciliations of GAAP measures to adjusted amounts can be found in the supplemental financial tables included in today’s news release, which is available on our website at kontoorbrands.com. These tables identify and quantify excluded items and provide management

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