Kontoor Brands Inc (KTB) News & EventsKTBNews & EventsKontoor Brands Inc

Kontoor Brands Launches Lee x Marilyn Monroe Limited Edition Collection

Lee, a Kontoor Brands brand, announces the launch of the Lee x Marilyn Monroe Collection, a limited-edition capsule. The collection reimagines some of Monroe's most recognizable looks.

U.S. Stock Futures Rise After Consumer Prices Report

Stock futures are higher after the July consumer prices report, with the data providing a near-term signal for the Federal Reserve's September policy decision. The CPI report came in exactly in line with expectations. Consumer prices rose 0.1% month over month and 3.4% year over year, down from 3.5% in June, while core CPI rose 0.2% monthly and 2.5% annually. The combination of softer employment and contained core inflation could strengthen the case for eventual easing. That said, inflation remains well above the Fed's 2% target, and rising oil prices could put renewed upward pressure on headline inflation in coming months.AI infrastructure stocks are providing a significant boost to the broader market. CoreWeave is up sharply in premarket trading after reporting better-than-expected second-quarter results and raising its capital-spending forecast, while Super Micro Computer is also gaining following a strong revenue outlook. The results are reinforcing investor confidence that demand for AI computing infrastructure remains strong despite ongoing concerns about the enormous capital expenditures required to support the industry.Brent crude has risen for six consecutive sessions as tensions involving Iran and disruptions around the Strait of Hormuz continue to threaten energy supplies. Higher oil prices could complicate the Fed's inflation outlook if the increases persist, particularly at a time when markets are already debating whether monetary policy can ease later this year.In pre-market trading, S&P 500 futures rose 0.45%, Nasdaq futures rose 0.97% and Dow futures rose 0.27%.Check out this morning's top movers from around Wall Street, compiled by The Fly.UP AFTER EARNINGS -CoreWeaveup 20%Cava Groupup 17%Nebiusup 16%H&R Blockup 13%Kornit Digitalup 9%Super Microup 9%Lumentumup 9%MSG Entertainmentup 3%Trimbleup 3%DOWN AFTER EARNINGS -Performance Food Groupdown 4%Amcordown 3%Jumia Technologiesdown 1%Kontoor Brandsdown 1%

Company Reaffirms FY26 Revenue Outlook of $2.66B to $2.71B

Consensus is for FY26 $5.22. Reaffirms FY26 revenue view $2.66B-$2.71B, consensus $2.7B. The company added, "Adjusted gross margin is now expected to be in the range of 49.8%-50.0%, representing an increase of 330 to 350 basis points compared to prior year. The updated outlook compares to the prior outlook of 48.3%-48.5% and primarily reflects stronger-than-expected year-to-date results and contribution from Helly Hansen. Adjusted SG&A expenses are now expected to increase approximately 23% compared to prior year, including the impact of a full year of Helly Hansen expenses. The Company's updated outlook includes approximately $25M of incremental brand-building and other growth-enabling investments as compared to the prior outlook. Adjusted operating income is now expected to be in the range of $413M-$420M, including $25M of incremental investments, representing an increase of 15%-17% compared to prior year."