- Adjusted EPS increased 23% to $1.21, with Helly Hansen contributing a $0.12 loss per share versus an expected $0.28 loss.
- Adjusted gross margin expanded 120 basis points to 46.4%, driven by Project Jeanius benefits, lower input costs, and Helly Hansen's contribution.
- Adjusted return on invested capital exceeded 30% excluding Helly Hansen.
- Adjusted SG&A expenses increased 6% to $206 million, but excluding Helly Hansen, SG&A decreased 5% due to expense management and Project Jeanius.
- Helly Hansen's June revenue of $29 million exceeded the outlook of $20-$25 million, with sport and workwear segments contributing $17 million and $9 million respectively.
- Inventory increased 40% to $686 million, primarily due to Helly Hansen; excluding Helly Hansen, inventory decreased 1%.
- Kontoor Brands reported strong Q2 2025 results with global revenue increasing 8%, including a 4-point benefit from Helly Hansen.
- Lee brand revenue declined 6% globally but showed improvement in digital sales with 9% growth in the U.S. digital channel.
- Net debt was $1.3 billion with $107 million cash on hand; net leverage ratio was 2.5x on a pro forma basis.
- Voluntary debt repayment of $25 million was made during the quarter.
- Wrangler brand revenue grew 7% globally, with 9% growth in the U.S. driven by 16% digital growth and 8% wholesale growth.
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Dafinchi