Kontoor Brands Lifts Helly Hansen’s FY Revenue Guidance
The Wrangler and Lee parent is now projecting annual sales from Helly Hansen at $455 million, 7% higher than the previous guidance of $425 million. Kontoor, which acquired the outdoor business on May 31, sees Helly Hansen breaking even in Q3 due to integration costs but delivering accretive earnings for the FY. The Norwegian outdoor brand delivered $29 million in June revenues, including $17 million from sport, $9 ... Log in to view full article.
