The Lee and Wrangler parent saw sales increase last year, using its Western Hemisphere to help sidestep the supply chain troubles.
“For us, it’s a matter of rolling those trucks over the border from Mexico into the U.S.,” Baxter said. “We could control the flow of inventory.”
And while the outlook for next year is solid and above analysts expectations, calling for earnings per share ranging from $4.65 to $4.75 with a high-single-digit revenue increase, investors were wanting something more.Much of Kontoor’s business comes in at lower price points, but Baxter described the company as brand heavy with powerhouses Lee and“People use our brands every day, they use those brands for work and play, everyday,” he said.
Kontoor has been rather thoroughly stress tested in its short life as a stand-alone company and Baxter said it has built up some new muscles that will help continue to grow through whatever comes next for the consumer world.
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