Kontoor Brands updates executive title for Jennifer H. Broyles after Lee sale

Kontoor Brands, Inc. announced that its Board of Directors has changed Jennifer H. Broyles' title upon the completion of the Lee business sale. She will now assume the position of Executive Vice President, Global Brand President, Wrangler. Broyles, who previously held the roles of Executive Vice President, Chief Commercial Officer, and Global Head of Brands, will continue to serve as an executive officer of the company.

The title change is contingent upon the successful completion of the Lee business sale, which has been previously disclosed. Kontoor Brands has a history of financial strength, having raised its dividend for six consecutive years and maintaining a strong financial health score, as reported by InvestingPro. In their latest earnings report for Q3 2026, the company reported adjusted earnings per share of $1.50, exceeding analyst expectations of $1.36.

However, revenue of $685 million was slightly below the projected $692.97 million. Kontoor Brands also announced its intention to repurchase $400 million of its common stock through accelerated share repurchase agreements, following the divestiture of its Lee business. This aligns with the company's existing $750 million share repurchase authorization.

The company expects to make a total payment of $400 million to financial institutions and initially receive approximately 4 million shares. These strategic moves are part of Kontoor Brands' ongoing efforts.