Read about the recent donation of a total $100,000 by the VWR Foundation to five organizations, including the National MS Society.
11 Foolproof Steps To Get Rich. There are certain steps to ensure success at getting rich. Here's how to become a millionaire in 11 steps.
Tax changes like the ones brought by last year’s stimulus payments often trigger a surge in such problems
Mind-blowing fact: Our brains receive roughly 11 million bits of information per second. Yet, we can only process about 40 bits of that information per… | 74 comments on LinkedIn
Since we communicate with others on a daily basis, one would assume we'd be pretty good at, but we're not. Reflect on these 6 barriers to effective communication to enhance your communication skills.
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While any college education will help graduates with their future, some colleges churn out alumni who make it into the 1%, amassing a net worth of over $11…
Clarksville, TN - The Clarksville Police Department (CPD) has been awarded four grants by Tennessee Highway Safety Office (THSO). These grants are to
Apparel/Garments American firm Kontoor Brands' revenue jumps 8% in Q3 FY23 03 Nov '23 3 min read Pic: Robert - stock.adobe.com Insights Kontoor Brands reported an 8 per cent revenue increase to $655 million in Q3 FY23, led by strong US market performance. Wrangler brand's revenues climbed by 9 per cent, while Lee brand's revenue was up 5 per cent to $208 million. The company's international sales dipped, while gross margin fell. EPS rose to $1.05, with inventory down by 11 per cent. Kontoor Brands, a US-based global lifestyle apparel company behind brands such as Wrangler and Lee, has reported an overall revenue increase of 8 per cent to $655 million in the third quarter of fiscal 2023 (Q3 FY23), which reflects a 7 per cent increase in constant currency terms compared to the same period in the previous year.The revenue uplift was largely attributed to a strong showing in the US market, where wholesale and direct-to-consumer (DTC) channels saw robust growth, overshadowing the decline in international revenues, particularly in China.Kontoor Brands reported an 8 per cent revenue increase to $655 million in Q3 FY23, led by strong US market performance. Wrangler brand's revenues climbed by 9 per cent, while Lee brand's revenue was up 5 per cent to $208 million. The company's international sales dipped, while gross margin fell. EPS rose to $1.05, with inventory down by 11 per cent.US revenue for Kontoor Brands jumped 12 per cent to $506 million over the previous year, with US wholesale also witnessing a 12 per cent increase compared to Q3 FY22. In stark contrast, international revenues dipped by 4 per cent to $149 million, marking an 8 per cent decrease in constant currency, as international DTC growth failed to offset significant losses in China, which plunged by 23 per cent (19 per cent decrease in constant currency), the company said in a media release.Despite a broader international revenue contraction, the Wrangler brand saw global revenues climb by 9 per cent to $445 million, with a 10 per cent upturn in the US. Wrangler's international revenue rose by 8 per cent, albeit only a 2 per cent increase when accounting for constant currency adjustments.The Lee brand also posted global revenue gains of 5 per cent to $208 million, translating into a 3 per cent constant currency increase. Lee's US revenue surged by an impressive 20 per cent, driven by wholesale and own.com successes. However, Lee's international figures took a hit with a 10 per cent revenue fall, which in constant currency terms equated to a 13 per cent decline, again largely due to weaker performance in China.In the backdrop of these revenue patterns, the company experienced a gross margin reduction of 200 basis points, settling at 41.5 per cent. Selling, general, and administrative expenses presented a more positive outlook, decreasing by 30 basis points to 28.4 per cent of revenue, reflecting diligent cost management.Operational efficiency, however, seemed to take a toll, with operating income standing at $85 million and operating margin shrinking by 170 basis points to 13.1 per cent compared to the adjusted figures for the prior year. Similarly, EBITDA was reported at $91 million, which includes an approximate $13 million duty charge, leading to an EBITDA margin decline of 200 basis points.Earnings per share (EPS) were up at $1.05, in comparison to the reported EPS of $0.90 and an adjusted EPS of $1.11 in the same period last year. Inventory management ended on a high note with Q3 closing at $605 million, reflecting an 11 per cent decrease from the prior year.“In the third quarter, we delivered strong revenue growth and profitability that was ahead of our expectations, excluding the duty charge, reflecting the broad-based strength of our business. Supported by strategic investments in our brands, US POS strength continued, driving further market share gains in core US wholesale. And we delivered another solid quarter in DTC, a critical growth pillar of our diversified, accretive growth strategy,” said Scott Baxter, president, chief executive officer and chair of Kontoor Brands. Fibre2Fashion News Desk (DP) More Apparel/Garments News - United States Of America...
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According to CNBC, in January 2021 an average of 6.6 million shares of stock were traded every day on Wall Street. As of September 2020, the total value of the US stock exchange is estimated at roughly $36 trillion. So whether you believe it’s a necessary component of the free market or a casino run by reckless addicts in suits, it’s worth getting to know a little better. Who knows, you might just get some money out of it. Or, according to the common wisdom, you’re more likely to lose money at it. But is that piece of common wisdom
The CFPB ordered Citibank to pay $6.5 million over issues with its student loan servicing.
The winner of the $2 million Powerball prize this month in southeast Iowa is an Illinois woman who was in Burlington shopping when she decided to buy a Powerball ticket. Lisa Hays of Monmouth, Ill., said she plans to buy...
Time is ticking. A California lottery winner could lose a $63 million dollar prize if they don’t claim their winnings by Thursday.
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MVRDV has completed the 'tianjin binhai library' in china, which forms part of a larger cultural masterplan developed by GMP architekten.
With over 900 million people using Gmail and 11.9 billion monthly searches,Google's dominance in online search is unquestioned.
Want to make a million dollars online? Don't waste time! Quit your job with 11 ideas on how to become an internet millionaire fast!
Marine Insight - The maritime industry guide.
Want to make a million dollars online? Don't waste time! Quit your job with 11 ideas on how to become an internet millionaire fast!
The law is a service industry. We serve clients. And if you work in Biglaw, you serve very wealthy clients. Uber-wealthy clients who find your legal fees annoying, but can pay them out of the petty cash lying around the office. Lawyer don’t make real money in this country. Businessmen do. Hedge fund managers really […]
