Kontoor Brands, Inc.
For the period ended Apr 4, 2026. Filed May 14, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Apr 4, 2026 · Filed May 14, 2026
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
| ☑ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|
For the quarterly period ended April 4, 2026
or
| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|
For the transition period from ________ to ________
Commission file number:001-38854
(Exact name of registrant as specified in its charter)
| North Carolina | 83-2680248 |
|---|---|
| (State or other jurisdiction of incorporation or organization) | (I.R.S. employer identification number) |
400 N. Elm Street
Greensboro, North Carolina 27401
(Address of principal executive offices)
(336)332-3400
(Registrant's telephone number, including area code)
| Securities registered pursuant to Section 12(b) of the Act: | ||
|---|---|---|
| Title of each class | Trading symbol(s) | Name of each exchange on which registered |
| Common Stock, no par value | KTB | New York Stock Exchange |
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days. Yes þ No¨
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes þ No¨
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer | ☑ | Accelerated filer | ☐ | Non-accelerated filer | ☐ | Smaller reporting company | ☐ | Emerging growth company | ☐ |
|---|---|---|---|---|---|---|---|---|---|
| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨ | |||||||||
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No þ
The number of shares of Common Stock of the registrant outstanding as of May 1, 2026, was 55,272,359.
Table of Contents
| Page | |
|---|---|
| Part I — Financial Information | |
| Item 1. Financial Statements (Unaudited) | 3 |
| Consolidated Balance Sheets: March 2026, December 2025 and March 2025 | 3 |
| Consolidated Statements of Operations: Three months ended March 2026 and March 2025 | 4 |
| Consolidated Statements of Comprehensive Income: Three months ended March 2026 and March 2025 | 5 |
| Consolidated Statements of Cash Flows: Three months ended March 2026 and March 2025 | 6 |
| Consolidated Statements of Equity: Three months ended March 2026 and March 2025 | 7 |
| Notes to Consolidated Financial Statements | 8 |
| Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations | 28 |
| Item 3. Quantitative and Qualitative Disclosures about Market Risk | 37 |
| Item 4. Controls and Procedures | 38 |
| Part II — Other Information | |
| Item 1. Legal Proceedings | 39 |
| Item 1A. Risk Factors | 39 |
| Item 2. Unregistered Sales of Equity Securities and Use of Proceeds | 39 |
| Item 5. Other Information | 39 |
| Item 6. Exhibits | 40 |
| Signatures | 41 |
Kontoor Brands, Inc. Q1 FY26 Form 10-Q 2
PART I — FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)
Consolidated Balance Sheets
| (In thousands, except share amounts) | March 2026 | December 2025 | March 2025 |
|---|---|---|---|
| ASSETS | |||
| Current assets | |||
| Cash and cash equivalents | $56,411 | $77,215 | $320,790 |
| Accounts receivable, net | 244,996 | 209,419 | 131,958 |
| Inventories | 463,501 | 435,945 | 298,810 |
| Prepaid expenses and other current assets | 99,156 | 102,056 | 57,371 |
| Current assets of discontinued operations | 259,335 | 256,481 | 278,849 |
| Total current assets | 1,123,399 | 1,081,116 | 1,087,778 |
| Property, plant and equipment, net | 112,657 | 113,285 | 82,955 |
| Operating lease assets | 124,193 | 110,330 | 18,931 |
| Intangible assets, net | 450,206 | 445,584 | 6,791 |
| Goodwill | 459,211 | 451,006 | 129,034 |
| Other assets | 215,292 | 212,294 | 176,045 |
| Other assets of discontinued operations | 165,117 | 169,057 | 174,145 |
| TOTAL ASSETS | $2,650,075 | $2,582,672 | $1,675,679 |
| LIABILITIES AND EQUITY | |||
| Current liabilities | |||
| Current portion of long-term debt | $13,125 | $8,750 | $— |
| Accounts payable | 240,111 | 195,560 | 161,240 |
| Accrued and other current liabilities | 192,209 | 237,864 | 112,481 |
| Operating lease liabilities, current | 29,763 | 22,418 | 10,328 |
| Current liabilities of discontinued operations | 125,808 | 129,035 | 107,091 |
| Total current liabilities | 601,016 | 593,627 | 391,140 |
| Operating lease liabilities, noncurrent | 101,865 | 95,422 | 10,464 |
| Other liabilities | 168,091 | 164,431 | 77,484 |
| Long-term debt | 1,130,622 | 1,134,579 | 735,640 |
| Other liabilities of discontinued operations | 29,612 | 29,746 | 34,279 |
| Total liabilities | 2,031,206 | 2,017,805 | 1,249,007 |
| Commitments and contingencies | |||
| Equity | |||
| Preferred Stock, no par value; shares authorized, 90,000,000; no shares outstanding at March 2026, December 2025 and March 2025 | — | — | — |
| Common Stock, no par value; shares authorized, 600,000,000; shares outstanding of 55,162,567 at March 2026; 55,239,594 at December 2025 and 55,432,156 at March 2025 | — | — | — |
| Additional paid-in capital | 366,049 | 358,130 | 331,670 |
| Retained earnings | 295,858 | 274,280 | 209,588 |
| Accumulated other comprehensive loss | (43,038) | (67,543) | (114,586) |
| Total equity | 618,869 | 564,867 | 426,672 |
| TOTAL LIABILITIES AND EQUITY | $2,650,075 | $2,582,672 | $1,675,679 |
3 Kontoor Brands, Inc. Q1 FY26 Form 10-Q
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