Jennifer Lopez on JLo Beauty’s First Lip Product, Beso Balm, Her ’90s Supermodel-inspired Routine and Self-acceptanceand Lee pulled back on its outlook for the year on Thursday, the company also reported top- and bottom-line gains for the third quarter and strength in both of its wholesale businesses.
Shares of Kontoor closed up 4.8 percent to $47.66, leaving the company with a market capitalization of $2.7 billion — showing some improvement from the roughly $2.2 billion valuation it garnered when it was Kontoor outpaced its market by 140 basis points in the quarter, according to U.S. data from Circana cited on a company conference call. That included a 170 basis-point spread on men’s bottoms and a 60 basis-point beat in women’s.
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