Kontoor Brands, Inc. (KTB) CEO Scott Baxter on Q1 2022 Results - Earnings Call Transcript

Kontoor Brands, Inc. (NYSE:KTB) Q1 2022 Earnings Conference Call May 5, 2022 8:30 AM ET

Company Participants

Eric Tracy - Senior Director-Investor Relations
Scott Baxter - President, Chief Executive Officer & Chair
Rustin Welton - Chief Financial Officer

Conference Call Participants

Jay Sole - UBS
Adrienne Yih - Barclays
Brooke Roach - Goldman Sachs
Bob Drbul - Guggenheim Securities
Sam Poser - Williams Trading
Peter McGoldrick - Stifel

Operator

Greetings. Welcome to the Kontoor Brands Q1 2022 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note this conference is being recorded.

I will now turn the conference over to your host, Eric Tracy, Senior Director of Investor Relations. Thank you. You may begin.

Eric Tracy

Thank you, operator, and welcome to Kontoor Brands First Quarter 2022 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.

First quarter 2022 results are on a GAAP basis. Select comparisons to first quarter 2021 results will be on an adjusted dollar basis, which we clearly defined in the news release that was issued earlier this morning and is available on our website at kontoorbrands.com.

Reconciliations of GAAP measures to adjusted amounts can be found in the supplemental financial tables included in today’s news release. These tables identify and quantify excluded items and provide management's view of why this information is useful to investors. Comparisons will be in constant currency, unless otherwise stated.

Joining me on today's call are Kontoor Brands' President, Chief