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Kontoor Brands, Inc. (KTB) CEO Scott Baxter on Q4 2020 Results - Earnings Call Transcript

Mar. 02, 2021 12:18 PM ETKontoor Brands, Inc. (KTB)
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Kontoor Brands, Inc. (NYSE:KTB) Q4 2020 Earnings Conference Call March 2, 2021 8:30 AM ET

Company Participants

Eric Tracy - Senior Director of Investor Relations

Scott Baxter - President & Chief Executive Officer

Tom Waldron - Global Brand President, Wrangler

Chris Waldeck - Global Brand President, Lee

Rustin Welton - Chief Financial Officer

Conference Call Participants

Adrienne Yih - Barclays

Bob Drbul - Guggenheim Securities

Erinn Murphy - Piper Sandler

Sam Poser - Williams Trading

Jay Sole - UBS


Greetings. Welcome to Kontoor Brand’s Fourth Quarter Earnings Call. At this time, all participants will be in listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note this conference is being recorded.

At this time, I'll turn the conference over to Eric Tracy, Senior Director of Investor Relations. Mr. Tracy you may begin.

Eric Tracy

Thank you, operator, and welcome to Kontoor Brands' fourth quarter and fiscal 2020 earnings conference 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 materially differ.

These uncertainties are detailed in documents filed with the SEC. We urge you to read our 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 earlier this morning.

Adjusted amounts exclude the impact of restructuring and separation costs, business model changes, non-cash impairment charges related to our Rock & Republic trademark 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's view of why this information

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