Kontoor Brands, Inc. (NYSE:KTB) Q3 2024 Earnings Conference Call October 31, 2024 8:30 AM ET
Company Participants
Michael Karapetian – VP, Corporate Development, Strategy, and Investor Relations
Scott Baxter – President, Chief Executive Officer and Chair
Joe Alkire – Chief Financial Officer
Conference Call Participants
Ike Boruchow – Wells Fargo
Jim Duffy – Stifel
Bob Drbul – Guggenheim Partners
Mauricio Serna – UBS
Paul Kearney – Barclays
Lia Yang – BNP Paribas
Operator
Ladies and Gentlemen, greetings, and welcome to the Kontoor Brands Q3 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Michael Karapetian, please go ahead.
Michael Karapetian
Thank you, operator, and welcome to Kontoor Brands third-quarter 2024 earnings conference call.
Participants on today’s call will make forward-looking statements. These statements are based on current expectations and are subject to uncertainties that could cause actual results to materially differ. These uncertainties are detailed in documents filed with the SEC. We urge you to read our risk factors, cautionary language, and other disclosures contained in those reports.
Amounts referred to on today’s call will be in constant currency unless otherwise noted, and often on an adjusted dollar basis, which we clearly define in the news release that was issued earlier this morning. Our outlook is presented on an adjusted dollar basis.
Additionally, participants should note that comparability with prior periods is impacted by the previously disclosed $13 million out-of-period duty charge recorded in the third quarter of 2023. Accordingly, in our following comments, comparisons to 2023 gross margin, operating income, and EPS do not include the impact of the 2023 duty charge.
Reconciliations of GAAP measures
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