Brand-wise, Wrangler brand’s global revenue jumped

However, noticeable gains in the second quarter were offset by closures of VF Outlet stores and transition to a new licensed business model in India.

Importantly, the company’s global revenue reached US $ 126 million, at a growth of 106 per cent on a reported basis and 87 per cent in constant currency. While revenue from China rose by 10 per cent (in constant currency), the same from Europe jumped by 254 per cent (in constant currency).

Brand-wise, Wrangler brand’s global revenue jumped to US $ 311 million at 24 per cent increase on a reported basis and 22 per cent in constant currency.

Lee brand’s international revenue soared to US $ 176 million at 105 per cent on a reported basis and 96 per cent in constant currency.

Increasing its outlook for rest of the year, Kontoor Brands has said that revenue is expected to increase in the mid-teens range, over 2020, between US $ 2.39 billion and US $ 2.42 billion.