SGB Apparel

Kontoor Brands Raises EPS Guidance On Q2 Beat

Kontoor Brands reported sales dipped 1 percent in the second quarter but adjusted earnings grew 27 percent to top expectations, prompting the parent of Wrangler and Lee to lift its EPS outlook for the year.

Report: U.S. Consumer Confidence Shows Slight Uptick in July

Data released July 30, showed that The Conference Board’s gauge for July increased to 100.3 from a downwardly revised 97.8 in June. Based on consumers’ assessment of today’s business and labor market conditions, The Conference Board’s Present Situation Index declined to 133.6 from 135.3 last month.