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Kontoor Brands raises FY outlook as Q1 profits widen

Kontoor Brands, the owner of denim labels Wrangler and Lee, has raised its outlook for fiscal year 2022 after reporting an increase in revenue and profit in the first quarter. In the three months to April 2, the company made a net income of 80.8 million dollars compared to 64.5 million dollars a year earlier. Its revenue for the quarter came in...

5 May 2022