Kontoor Brands Cleans Up Its Balance Sheet, But Sales Woes Remain
Kontoor Brands' (NYSE: KTB) second-quarter 2020 results, issued Thursday before markets opened for trading, reassured investors that its liquidity and solvency outlook remains intact. Given its current balance sheet and cash flow generation, the company should be able to weather the next several quarters as the coronavirus pandemic drags on.
However, the owner of the esteemed Lee and Wrangler jeans brands continues to struggle with a demand picture that falls largely beyond its control. Below, let's delve into the company's latest financial scorecard to understand how it might fare in the back half of 2020.
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Source Fool.com
