Kontoor Brands, Inc.
For the period ended Jan 3, 2026. Filed Mar 4, 2026.
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FY2026 · Filed Mar 4, 2026
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Revenues
NOTE 3 —REVENUES
Disaggregation of Revenue
The following tables present revenues disaggregated by channel and geography. Revenues from licensing arrangements are included within the U.S. or International Wholesale channels, based on the respective region where the licensee sells the product. Direct-to-Consumer revenues include sales from Company-operated Wrangler®, Lee® and Helly Hansen® branded full-price and outlet stores, online and international concession arrangements.
Other includes sales and licensing of the Musto®, Chic®and Rock & Republic® brands, as well as other Company-owned brands and private label apparel.
| (In thousands) | Wrangler | Lee | Helly Hansen | Other | Total |
|---|---|---|---|---|---|
| Channel revenues | |||||
| U.S. Wholesale | $1,542,582 | $394,721 | $65,892 | $11,789 | $2,014,984 |
| International Wholesale | 180,535 | 195,583 | 273,212 | 8,388 | 657,718 |
| Direct-to-Consumer | 191,505 | 160,064 | 120,612 | 7,573 | 479,754 |
| Total | $1,914,622 | $750,368 | $459,716 | $27,750 | $3,152,456 |
| Geographic revenues | |||||
| U.S. | $1,705,062 | $456,582 | $112,331 | $13,294 | $2,287,269 |
| International | 209,560 | 293,786 | 347,385 | 14,456 | 865,187 |
| Total | $1,914,622 | $750,368 | $459,716 | $27,750 | $3,152,456 |
| (In thousands) | Wrangler | Lee | Helly Hansen | Other | Total |
|---|---|---|---|---|---|
| Channel revenues | |||||
| U.S. Wholesale | $1,460,102 | $414,803 | $— | $10,200 | $1,885,105 |
| International Wholesale | 177,107 | 222,308 | — | — | 399,415 |
| Direct-to-Consumer | 168,780 | 153,514 | — | 764 | 323,058 |
| Total | $1,805,989 | $790,625 | $— | $10,964 | $2,607,578 |
| Geographic revenues | |||||
| U.S. | $1,602,413 | $473,672 | $— | $10,964 | $2,087,049 |
| International | 203,576 | 316,953 | — | — | 520,529 |
| Total | $1,805,989 | $790,625 | $— | $10,964 | $2,607,578 |
| (In thousands) | Wrangler | Lee | Helly Hansen | Other | Total |
|---|---|---|---|---|---|
| Channel revenues | |||||
| U.S. Wholesale | $1,418,102 | $440,690 | $— | $10,149 | $1,868,941 |
| International Wholesale | 181,766 | 246,873 | — | 10 | 428,649 |
| Direct-to-Consumer | 154,262 | 154,957 | — | 663 | 309,882 |
| Total | $1,754,130 | $842,520 | $— | $10,822 | $2,607,472 |
| Geographic revenues | |||||
| U.S. | $1,549,051 | $500,816 | $— | $10,812 | $2,060,679 |
| International | 205,079 | 341,704 | — | 10 | 546,793 |
| Total | $1,754,130 | $842,520 | $— | $10,822 | $2,607,472 |
66 Kontoor Brands, Inc. 2025 Form 10-K
Contract Balances
Accounts receivable represent the Company's unconditional right to receive consideration from a customer and are recorded at net invoiced amounts, less estimated allowances.
Contract assets are rights to receive consideration in exchange for goods or services that have been transferred to a customer when that right is conditional on something other than the passage of time. When the Company's right to receive consideration under a contract becomes unconditional, amounts are invoiced and contract assets are reclassified to "accounts receivable" within the Company's balance sheets. The Company's primary contract assets relate to sales-based royalty arrangements.
Contract liabilities are recorded when a customer pays consideration, but the Company still has a remaining obligation to transfer the good or service to the customer.
The following table presents information about contract balances recorded in the Company's balance sheets:
| (In thousands) | December 2025 | December 2024 |
|---|---|---|
| Accounts receivable, net (a) | $276,424 | $243,660 |
| Contract assets (b) | $20,369 | $16,576 |
| Contract liabilities (c) | $1,947 | $1,757 |
(a) "Accounts receivable, net" at December 2025 includes $112.0 million related to Helly Hansen.
(b) Included within "prepaid expenses and other current assets" in the Company's balance sheets.
(c) Included within "accrued and other current liabilities" in the Company's balance sheets.
For the year ended December 2025, revenue of $1.6 million was recognized that was included in contract liabilities as of December 2024. For the year ended December 2024, revenue of $1.1 million was recognized that was included in contract liabilities as of December 2023.
Performance Obligations
As of December 2025, there were no arrangements with any transaction price allocated to remaining performance obligations other than (i) contracts for which the Company has applied the practical expedients and (ii) fixed consideration related to future minimum guarantees. For the year ended December 2025, revenue recognized from performance obligations satisfied, or partially satisfied, in prior periods was not significant.
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