Kontoor Brands turnover and profit fall in Q4 and FY19

Kontoor Brands, Inc. said fourth quarter revenue decreased to 653 million dollars, a 10 percent decline on a reported and constant currency basis, while revenue declined 8 percent compared to fourth quarter 2018 adjusted revenue. EBITDA on a reported basis was 65 million dollars, while adjusted EBITDA was 93 million dollars, up 1 percent. EBITDA margin on a reported basis declined to 10 percent of revenue and adjusted EBITDA margin increased 130 basis points to 14.2 percent of revenue. The company said, earnings per share were 50 cents on a reported basis and adjusted earnings per share were 97 cents.