Kontoor Brands (KTB) Stock Jumps On Buyback Push Despite Revenue Slide
Kontoor Brands (KTB) stock saw a significant jump after reporting Q2 results, reinforcing its premium label status with higher profit guidance and a US$400m accelerated share repurchase plan. Despite an 11.2% revenue decline and a 22.8% net income decline year-over-year, investors were encouraged by …