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Kontoor Reports 22% Q1 Revenue Slump

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Wrangler and Lee parent Kontoor Brands reported significant business impacts from COVID-19 on first quarter revenue and profit. In a Nutshell: Kontoor Brands Inc., with a portfolio led by Wrangler and Lee, said February year-to-date revenue declined by mid-single digits compared to adjusted results in the prior year, with approximately one-third of the drop-off due…

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