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GREENSBORO, N.C.--(BUSINESS WIRE)---- $KTB--Kontoor Brands, Inc. (NYSE: KTB) (the “Company” or “Kontoor”), today announced that Tom Waldron has been elected to the Company's Board of Directors effective immediately. Additionally, the Company announced an increase in the size of the Board from six to seven directors. "We're excited to welcome Tom to Kontoor's Board of Directors," said Scott Baxter, President, Chief Executive Officer and Chairman of the Board of Directors. "Tom's deep expertise of the Wra.

Posted by Defense World Staff on Jul 21st, 2026

Allspring Global Investments Holdings LLC increased its position in shares of Kontoor Brands, Inc. (NYSE:KTB – Free Report) by 54.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 298,072 shares of the company’s stock after purchasing an additional 104,466 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.54% of Kontoor Brands worth $21,133,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in KTB. Norges Bank bought a new stake in shares of Kontoor Brands in the fourth quarter valued at about $36,185,000. Boston Partners bought a new position in Kontoor Brands during the third quarter worth about $44,733,000. JPMorgan Chase & Co. raised its stake in Kontoor Brands by 15.8% in the 4th quarter. JPMorgan Chase & Co. now owns 3,019,204 shares of the company’s stock worth $184,443,000 after purchasing an additional 413,005 shares in the last quarter. Amundi acquired a new stake in Kontoor Brands in the 3rd quarter worth about $24,653,000. Finally, Balyasny Asset Management L.P. boosted its holdings in Kontoor Brands by 134.3% in the 2nd quarter. Balyasny Asset Management L.P. now owns 468,630 shares of the company’s stock valued at $30,916,000 after purchasing an additional 268,604 shares during the period. 93.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades A number of brokerages have issued reports on KTB. BTIG Research restated a “buy” rating and set a $100.00 target price on shares of Kontoor Brands in a research report on Friday, May 1st. Weiss Ratings cut Kontoor Brands from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, June 15th. Wall Street Zen downgraded Kontoor Brands from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research raised Kontoor Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 9th. Finally, JPMorgan Chase & Co. began coverage on Kontoor Brands in a research note on Monday, June 8th. They set an “overweight” rating and a $90.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kontoor Brands presently has an average rating of “Moderate Buy” and a consensus price target of $91.20.

Check Out Our Latest Research Report on KTB

Kontoor Brands Price Performance Shares of NYSE:KTB opened at $83.30 on Tuesday. The firm has a 50 day moving average of $76.55 and a 200-day moving average of $70.68. Kontoor Brands, Inc. has a 12 month low of $53.55 and a 12 month high of $88.96. The company has a current ratio of 1.87, a quick ratio of 1.10 and a debt-to-equity ratio of 1.83. The stock has a market capitalization of $4.60 billion, a PE ratio of 16.86 and a beta of 0.87.

Kontoor Brands (NYSE:KTB – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.11). Kontoor Brands had a return on equity of 60.17% and a net margin of 8.30%.The firm had revenue of $613.32 million for the quarter, compared to analyst estimates of $784.76 million. During the same quarter in the prior year, the business posted $1.20 EPS. The business’s revenue was up 45.0% on a year-over-year basis. Kontoor Brands has set its FY 2026 guidance at 6.600-6.700 EPS. On average, equities research analysts predict that Kontoor Brands, Inc. will post 5.2 EPS for the current fiscal year.

Kontoor Brands Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 8th were issued a dividend of $0.53 per share. The ex-dividend date of this dividend was Monday, June 8th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.5%. Kontoor Brands’s payout ratio is 42.91%.

Insider Activity at Kontoor Brands In related news, EVP Jennifer H. Broyles sold 4,000 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $81.02, for a total transaction of $324,080.00. Following the completion of the sale, the executive vice president directly owned 40,261 shares in the company, valued at $3,261,946.22. This represents a 9.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.80% of the company’s stock.

Kontoor Brands Company Profile (Free Report)

Kontoor Brands, Inc is a global apparel company best known for its Wrangler and Lee denim and lifestyle brands. Established as an independent, publicly traded company in May 2019 following a spin-off from VF Corporation, Kontoor leverages a legacy that dates back to 1889 with the founding of Lee and to 1947 with the introduction of the Wrangler brand. The company focuses on designing, manufacturing and distributing premium, casual and workwear apparel, including jeans, pants, shorts, shirts, jackets and complementary accessories.

Kontoor Brands operates a diversified sales model that combines wholesale partnerships with leading retailers, distribution through e-commerce channels and select direct-to-consumer formats.

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Kontoor Brands, Inc. (KTB) Q1 2026 Earnings Call Transcript

2 hours ago

Church & Dwight (NYSE:CHD) Director Robert Shearer Sells 8,600 SharesChurch & Dwight Co., Inc. (NYSE:CHD - Get Free Report) Director Robert Shearer sold 8,600 shares of the business's stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $97.97, for a total transaction of $842,542.00. Following the completion of the sale, the director directly owned 30,678 shares in the company, valued at $3,005,523.66. This trade represents a 21.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

NYSE:CHD

Key Takeaways Kontoor Brands sees outdoor wear as a durable growth market within a $400B global opportunity.KTB views Helly Hansen's low U.S. brand awareness as a major long-term growth opportunity.Kontoor Brands is investing in innovation, footwear and expansion to boost outdoor growth. Kontoor Brands, Inc. (KTB - Free Report) sees significant white space in outdoor wear, supported by a combined $400 billion global addressable market. Management views the category as benefiting from structural tailwinds and rising demand for functional, activity-based brands, offering more durable and sustainable growth opportunities.

A primary driver for this optimism is Helly Hansen’s significant underpenetration in the United States, with management expecting the brand to become a major contributor to future revenue and profitability. The company highlighted the United States as a key growth market, noting that it is the world’s largest outdoor and workwear market. Although the United States is already among Helly Hansen’s fastest-growing regions, management believes the brand remains significantly underpenetrated relative to competitors. Currently, the aided brand awareness remains below 30%, highlighting substantial long-term expansion potential.

The company is increasing investments in product development, design and innovation to support further growth in technical outdoor apparel and footwear. Management highlighted that technical outdoor apparel and footwear represent the largest category within the broader outdoor market and provide a more balanced revenue and profit profile throughout the year. The strategy is also focused on supporting broader geographic expansion as part of the company’s long-term growth plans for the outdoor segment. These investments are expected to strengthen product capabilities, expand market reach and improve the overall growth profile of the business over time.

Kontoor Brands sees significant long-term upside in outdoor wear, driven by Helly Hansen’s underpenetrated U.S. opportunity, expanding technical product portfolio and rising global demand for functional, performance-focused apparel. Strategic investments in innovation, footwear and geographic expansion are expected to strengthen growth and profitability over time.

The Zacks Rundown for KTBShares of KTB have lost 8.7% in the past three months compared with the industry’s decline of 17.7%.

Image Source: Zacks Investment Research

From a valuation standpoint, KTB trades at a forward price-to-earnings ratio of 11.39X, lower than the industry’s average of 16.34X. KTB currently carries a Zacks Rank #4 (Sell).

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for KTB’s current fiscal year earnings implies a year-over-year decline of 7%, while the same for the next fiscal year earnings implies an 11.4% year-over-year increase.

Image Source: Zacks Investment Research

Stocks to ConsiderSome better-ranked stocks have been discussed below:

Vince Holding Corp. (VNCE - Free Report) provides luxury apparel and accessories in the United States and internationally. It operates through Vince Wholesale and Vince Direct-to-Consumer segments. At present, the company flaunts a Zacks Rank of 1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for VNCE’s current fiscal-year sales implies growth of 4.5%, and the same for earnings implies a decline of 15.9% from the year-ago figures. VNCE has delivered a trailing four-quarter earnings surprise of 647.2%, on average.

Columbia Sportswear Company (COLM - Free Report) engages in the design, development, marketing, and distribution of outdoor, active, and lifestyle products in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. At present, COLM flaunts a Zacks Rank of 1.

The Zacks Consensus Estimate for COLM’s current fiscal-year sales implies growth of 2.4%, and the same for earnings indicates a decline of 0.8% from the year-ago figures. COLM delivered a trailing four-quarter earnings surprise of 44.1%, on average.

V.F. Corporation (VFC - Free Report) offers branded apparel, footwear, and accessories for men, women, and children in the Americas, Europe, and the Asia-Pacific. At present, VFC currently sports a Zacks Rank of 1.

The Zacks Consensus Estimate for VFC’s current fiscal-year sales implies a decline of 3.2%, and the same for earnings implies growth of 10.8%, from the year-ago figures. VFC delivered a trailing four-quarter negative earnings surprise of 25.9%, on average.

, /PRNewswire/ -- Authentic Brands Group (Authentic), a global brand and entertainment platform, today announced a definitive agreement to acquire Lee, one of the most recognized and enduring names in global denim, from Kontoor Brands, Inc. (NYSE: KTB).

“Built Like Lee” Fall 2025 campaign As the owner of some of the most iconic and beloved sports, fashion, media and entertainment intellectual property in the world, Authentic sees Lee as a natural fit for its global platform. Lee is a pioneer in denim and workwear with more than a century of cultural influence, innovation and craftsmanship behind it. Today, the brand generates approximately $1.5 billion in annual retail-equivalent sales across 73 countries, with nearly 40% coming from outside the US and Canada.

"What makes Lee so compelling is its legacy," said Jamie Salter, Founder and Executive Chairman of Authentic. "It's one of the most important names in denim, with more than a century of heritage, consumer awareness and cultural relevance already built in. At Authentic, we focus on preserving what consumers love about their favorite brands while putting the right partners, distribution and marketing strategies behind them to drive long-term growth. Lee is exactly the kind of brand we are built for."

Upon closing of the transaction, Authentic plans to convert the Lee business into a licensing model, leveraging its brand-building expertise, network of more than 1,700 best-in-class partners and powerful marketing and storytelling platform. The Company is in discussions with leading brand operators to support Lee's existing business and expand it across content, experiences and heritage-driven lifestyle categories.

The transaction is subject to certain standard closing conditions, including regulatory approval, and is expected to close in the second half of 2026.

Kirkland & Ellis LLP is acting as legal advisor to Authentic. Morgan Stanley is acting as financial advisor, and Foley & Lardner LLP is acting as legal advisor to Kontoor Brands, Inc.

Kontoor Brands, Inc. has also issued a separate press release regarding the transaction, available here.

About Authentic Brands Group

Authentic Brands Group (Authentic) is a leading sports, media, entertainment and lifestyle platform. As the owner of some of the most iconic and beloved intellectual property in the world, Authentic acquires and invests in brands to create long-term value for all of its stakeholders.

A digital-first, asset-light platform, Authentic sits at the intersection of culture, commerce and technology. It brings brands to life and cultivates fandom through powerful storytelling, premium content and unforgettable live experiences. Together with more than 1,700 best-in-class licensing partners across 150 countries and an expansive distribution network, Authentic's brands drive more than $36 billion in annual systemwide retail sales worldwide.

Authentic's diversified portfolio spans more than 50 brands and reaches nearly one billion social media followers. Its roster includes Reebok, Champion, Shaquille O'Neal, David Beckham, Kevin Hart, Sports Illustrated, Elvis Presley, Muhammad Ali, Marilyn Monroe, GUESS, Aéropostale, Nautica, Eddie Bauer, Lucky Brand, Nine West, Brooks Brothers, Juicy Couture, Vince Camuto, Izod, Van Heusen, Dockers, Ted Baker, Hart Schaffner Marx, Vince, Barneys New York, Judith Leiber, Quiksilver, Spyder, Billabong, Volcom, Roxy, RVCA, DC Shoes, Prince, Sperry and Hunter.

For more information, visit corporate.authentic.com. Follow Authentic on LinkedIn, Instagram and WeChat.

About Lee
Founded in 1889, Lee is one of the world's most iconic denim and casual apparel brands. Known for its heritage craftsmanship, innovation and timeless style, Lee has shaped generations of culture and self-expression through authentic American design.

Contact:
Haley Steinberg
[email protected]

SOURCE Authentic Brands Group

The sale is initially for $750 million and includes $250 million in potential future payment based on the performance of Lee.

Key Takeaways Kontoor Brands sees Wrangler reaching a $5 billion global brand opportunity by 2030.Kontoor Brands expands investments in women's apparel, AI and loyalty initiatives.Helly Hansen drives growth plans through U.S. expansion and DTC investments. Kontoor Brands, Inc. (KTB - Free Report) expects to unlock faster growth following the divestiture of Lee to focus entirely on Wrangler and Helly Hansen, which management views as iconic brands with substantial global growth opportunities. The planned divestiture of Lee is expected to reduce operational complexity, support more focused investment decisions, accelerate execution and improve returns.

Kontoor Brands believes Wrangler can become a $5 billion global brand by 2030, supported by significant expansion opportunities across women’s apparel, non-denim categories and digital capabilities. Management highlighted that Wrangler’s female business currently represents only 10% of revenue despite the women’s denim market being larger than men’s, creating a substantial growth runway. The company also plans to accelerate investments in AI, loyalty programs and U.S. full-price store expansion, particularly across Western and Southern U.S. markets.

Helly Hansen continues to represent a significant global growth opportunity for Kontoor Brands as well, with management expecting the brand to become a major contributor to future growth and profitability. The company highlighted substantial expansion potential in the United States, where Helly Hansen remains underpenetrated despite being one of its fastest-growing markets. Management plans to accelerate investments across sport and workwear through increased spending on talent, direct-to-consumer capabilities, wholesale expansion and brand-building initiatives, while targeting a clear path toward double-digit growth in its home market.

Kontoor Brands also noted that streamlining its portfolio is expected to free up enterprise-level resources and investment capacity, allowing the company to further advance strategic initiatives and better position the brand for accelerated growth beginning in 2027 and beyond. Overall, the company’s sharper focus on Wrangler and Helly Hansen could accelerate long-term growth by unlocking higher-margin opportunities, expanding global reach and strengthening investments in digital, women’s apparel and outdoor categories.

The Zacks Rundown for KTBShares of KTB have gained 4.8% in the past three months against the industry’s decline of 12.4%.

Image Source: Zacks Investment Research

From a valuation standpoint, KTB trades at a forward price-to-earnings ratio of 12.86X, lower than the industry’s average of 17.32X. KTB currently carries a Zacks Rank #4 (Sell).

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for KTB’s current fiscal year earnings implies a year-over-year decline of 7%, while the same for the next fiscal year earnings implies a 11.4% year-over-year increase.

Image Source: Zacks Investment Research

Stocks to ConsiderSome better-ranked stocks have been discussed below:

Vince Holding Corp. (VNCE - Free Report) provides luxury apparel and accessories in the United States and internationally. It operates through Vince Wholesale and Vince Direct-to-Consumer segments. At present, the company carries a Zacks Rank of 2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Zacks Consensus Estimate for VNCE’s current fiscal-year sales implies growth of 4.5%, and the same for earnings implies a decline of 15.9% from the year-ago figures. VNCE has delivered a trailing four-quarter earnings surprise of 647.2%, on average.

Columbia Sportswear Company (COLM - Free Report) engages in the design, development, marketing, and distribution of outdoor, active, and lifestyle products in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. At present, COLM carries a Zacks Rank of 2.

The Zacks Consensus Estimate for COLM’s current fiscal-year sales and earnings implies growth of 2.6% and 0.8% from the year-ago figures. COLM delivered a trailing four-quarter earnings surprise of 44.1%, on average.

Superior Group of Companies, Inc. (SGC - Free Report) produces, manufactures, and sells promotional products and branded uniforms, and healthcare apparel and accessories in the United States and internationally. At present, SGC carries a Zacks Rank of 2.

The Zacks Consensus Estimate for SGC’s current fiscal-year sales and earnings implies a growth of 2% and 28.3%, respectively, from the year-ago figures. SGC delivered a trailing four-quarter negative earnings surprise of 81.9%, on average.

The limited-edition denim transforms Rice's new song into a one-of-a-kind wearable using Banquet-infused ink, turning the collaboration into both a fashion release and the song's world premiere

Key Summary Bullets

Coors Banquet and Wrangler reunite for their third collaboration, celebrating their shared Western heritage with a limited-edition apparel collection. Longtime Coors Banquet fan and award-winning country artist Chase Rice joins the collaboration, bringing an authentic voice and personal storytelling to the collection. The collection introduces "Beer Chords," jeans featuring the chords from Rice's latest single, "Connie Lou," printed directly onto the denim using ink infused with Coors Banquet beer - a first-of-its-kind design. The full collection, featuring denim jackets, graphic tees, hats and more, launches just in time for festival season on May 28 at shop.coors.com while supplies last. The Coors Banquet x Wrangler collaboration is supported by a 360 campaign and gives one fan the chance to perform "Connie Lou" live with Rice. "Connie Lou" arrives as a surprise release across all platforms May 29. , /PRNewswire/ -- Coors Banquet, long favored by rockstars and a staple of cowboy culture, reunites with Wrangler, the legendary denim brand that has outfitted generations of Westerners, for their third collaboration. Together, the iconic brands bring a shared legacy of authenticity, craftsmanship and hard work to life through a limited-edition apparel collection.

The collection highlights “Beer Chords,” jeans featuring the chords from Rice’s latest single, “Connie Lou,” printed directly onto the denim using ink infused with Coors Banquet beer.

The foundation of the collaboration builds on the brands’ roots in country culture with the addition of award-winning country artist and longtime Coors Banquet fan Chase Rice. The foundation of the collaboration builds on the brands' roots in country culture with the addition of award-winning country artist and longtime Coors Banquet fan Chase Rice. From the dusty campgrounds to the front row of the stadium, this collection celebrates the shared heritage of the artists and fans who define the soundtrack of summer with iconic denim, ice cold Banquet and music on repeat.

At the center of the apparel drop are "Beer Chords," a first-of-its-kind release that turns a country song into a wearable piece. The jeans feature actual chords from Rice's new single, "Connie Lou," printed directly onto the denim using Coors Banquet beer-based ink.

Rooted in the true story of his parents' early days, "Connie Lou" is inspired by a Western romance shaped by rodeo nights and cold beer, which is carried through to the "Beer Chords" in a first-of-its kind way. Before the song officially drops at midnight tonight, the Coors Banquet x Wrangler collection serves as the first place fans can experience "Connie Lou," turning the collaboration into both a fashion release and the song's world premiere.

"Coors Banquet has been part of my story for a long time - from my dad holding two Banquets on the cover of the Cowboys record to writing songs like 'Mr. Coors,' it's always represented something real in my music. That's why this collaboration felt natural," shares Rice. "'Connie Lou' is inspired by my parents' story and the kind of life I grew up around - rodeos, small towns, hard work and cold beer at the end of the night - which is exactly the kind of life Coors Banquet and Wrangler represent, too."

THE COORS BANQUET X WRANGLER COLLECTION
Blending Wrangler's timeless feel with Coors Banquet's Western heritage, the collection features a range of apparel designed to make the perfect country festival season outfit.

Alongside the hero "Beer Chords," The Coors Banquet x Wrangler Collection will feature 32 unique pieces, including men's and women's apparel and co-branded caps. Highlights include the Denim Jersey, Brushpopper Cowboy Cut Work Shirt, Men's Wrangler 13MWZ Cowboy Cut® Jeans, Women's Reworked Short and Women's Printed Vest and Bailey Flare Jeans.

"Wrangler has been the unofficial uniform of country music for decades, seen on the legends on stage as well as the fans in the front row," said Holly Wheeler, Vice President of Global Brand Marketing at Kontoor Brands. "Our partnership with Coors Banquet honors that heritage, blending festival style with rugged functionality. This collection is for those who live for the music and the Western lifestyle, designed to withstand the energy of a summer crowd and the grit of the open range alike." 

The limited-edition Coors Banquet x Wrangler collection, including 250 total pairs of Beer Chords, will be available through drops of 125 pairs on shop.coors.com starting at 12:00pm CT on May 28 and June 4 while supplies last.

"START YOUR LEGACY" CAMPAIGN
The Coors Banquet x Wrangler collection is the latest iteration of the brand's creative platform "Start Your Legacy," which is rooted in the brand's Western values and over 150-year history. The 'Start Your Legacy' platform is all about inspiring people to take the first step toward something bigger. We bring that spirit to life through our "Connie Lou" cover contest, giving one up-and-coming artist a real shot at the spotlight by inviting them to perform the song live onstage with country music star Chase Rice.

"Coors Banquet has always been deeply rooted in the moments and stories that shape country culture," said Matt Carpenter, Vice President Marketing, Coors Family of Brands. "This collaboration with Wrangler and Chase Rice brings that spirit to life, turning an authentic personal story into something fans can connect with on a deeper level, from the music itself to the craftsmanship behind the 'Beer Chords.'"

Fans can follow @CoorsBanquet on social media for updates on the collection drop and details on how to participate in the "Connie Lou Cover Contest."

ABOUT MOLSON COORS BEVERAGE COMPANY
For more than two centuries, Molson Coors has brewed beverages that unite people to celebrate all life's moments. From our core power brands Coors Light, Miller Lite, Coors Banquet, Molson Canadian, Carling and Ožujsko to our above premium brands including Madrí Excepcional, Staropramen, Blue Moon Belgian White and Leinenkugel's Summer Shandy, to our economy and value brands like Miller High Life and Keystone Light, we produce many beloved and iconic beers. While Molson Coors' history is rooted in beer, we offer a modern portfolio that expands beyond the beer aisle as well, including flavored beverages like Vizzy Hard Seltzer, spirits like Five Trail whiskey and non-alcoholic beverages like ZOA Energy. As a business, our ambition is to be the first choice for our people, our consumers and our customers, and our success depends on our ability to make our products available to meet a wide range of consumer segments and occasions.

Molson Coors Beverage Company is a publicly traded company that operates through its Americas and EMEA&APAC reporting segments and is traded on the New York Stock Exchange and Toronto Stock Exchange. To learn more about Molson Coors Beverage Company, visit molsoncoors.com.

ABOUT WRANGLER
Wrangler®, of Kontoor Brands (NYSE: KTB), has been an icon in authentic American style for 75 years. With a rich legacy rooted in the Western lifestyle, Wrangler is committed to offering superior quality and timeless design. Its collections for men, women, and children look and feel great, inspiring all those who wear them to be strong and ready for everyday life. Wrangler is available in retail stores worldwide, including flagship stores in Fort Worth and Greensboro, department stores, mass-market retailers, specialty shops, top western outfitters, and online. For more information, visit Wrangler.com.

ABOUT CHASE RICE
Few artists have had the enduring impact on country music Chase Rice can claim – fewer still possess the courage to leave it in the past and blaze a new trail. A true singer-songwriter with success in both disciplines, Rice's 15-year career has taken the Florida-born North Carolina native to chart peaks and global stages… but with his eighth studio album, ELDORA, his only destination is the American West. As a 10x Platinum artist who burst onto the scene as a Diamond-certified songwriter ("Cruise"), hits like "Drinkin' Beer. Talkin' God. Amen." and "Eyes On You" helped Rice post two No. 1's at Country Radio, igniting a movement through chest-thumping euphoria and bold romantic passion. He sold out international tours and shared stadium billing with Garth Brooks and Kenny Chesney, before leaving the major label system for good. Now, with full independence and over 3 billion streams to his credit, ELDORA signals Rice's dedication to the storytelling craft. Written in Colorado and inspired by a hidden mountainside town, the 12-song set is easily the most raw, unguarded expression of Rice's talent to date – born in the afterglow of an epic show at the storied Red Rocks Amphitheatre. Working hand-in-hand with co-writer/producer Oscar Charles, Rice adopts the unfiltered, rough-hewn approach of an off-the-grid maverick, embodying the Western mystique and boldly going where few of his stature would dare.

For more information, visit ChaseRice.com and follow on Facebook, Twitter/X and TikTok @ChaseRiceMusic and on Instagram @ChaseRice.

SOURCE Molson Coors Beverage Company

Jeans, Beer & Music: Coors Banquet® and Wrangler® Announce Encore With Second Apparel Collection for Festival Season We’re plugging in the amps in preparation for the second Coors Banquet® and Wrangler® collaboration, this time celebrating a summer of music. Coming on the heels of a successful Coors Banquet x Wrangler Collection that launched last fall, this new lineup features festival favorites: shorts, shirts, vests, sets, outerwear, and caps that will turn heads on and off stage.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260528785337/en/

Coors Banquet x Wrangler

This collaboration marks a natural evolution for two brands that have spent decades on the main stage. Both Coors Banquet and Wrangler share a storied history in the music scene, with both brands having a longstanding history of working directly with country music artists. From the dusty campgrounds to the front row of the stadium, this collection celebrates a shared heritage of supporting the artists and the fans who define the soundtrack of summer with iconic denim, ice cold Banquet, and music on repeat.

Available starting May 28th, the Coors Banquet x Wrangler Collection will feature 23 unique pieces, including men’s and women’s apparel and co-branded caps. Highlights include:

Denim Jersey: A classic baseball style with Western heritage, this light, beer-inspired denim wash jersey has pearl snaps andWrangler and Coors Banquet logos embroidered in yellow across the front Brushpopper Cowboy Cut Work Shirt: This Wrangler staple gets reimagined in a Coors Banquet stripe, featuring the W stitching on the front pockets, pearl snaps, and the Coors Banquet logo tag Men’s Wrangler13MWZ Cowboy Cut® Jeans: Wrangler’s time tested jeans will come in a beer-inspired denim wash and ecru for this line and include Coors embroidery at the coin pocket as well as a Coors Banquet and a Wrangler patch on each back pocket (the jeans also have matching vests and co-branded, embroidered jackets) Women’s Reworked Short: These popularWrangler women’s shorts will be available in two options — a beer-inspired denim wash with Rocky Mountain-inspired detailing along the back yoke, and a striped pattern in Coors Banquet’s iconic colorways Women’s Printed Vest and Bailey Flare Jeans: A women’s set that sets itself apart with all over red and white brand logos and iconography. The Bailey Jeans (which also come in a beer-inspired wash in this collection) are fitted in the hip and flare for freedom “Wrangler has been the unofficial uniform of country music for decades, seen on the legends on stage as well as the fans in the front row,” said Holly Wheeler, Vice President of Global Brand Marketing at Kontoor Brands. “Our partnership with Coors Banquet honors that heritage, blending festival style with rugged functionality. This collection is for those who live for the music and the Western lifestyle, designed to withstand the energy of a summer crowd and the grit of the open range alike.”

The collection also features a special appearance by longtime Coors Banquet fan Chase Rice, who is sharing the chords of his unreleased song, 'Connie Lou,' on a limited-edition pair of jeans. Printed in Coors Banquet beer-infused ink, these 'Beer Chords' jeans give fans a first look at the track before it officially drops at midnight tonight.

“Coors Banquet has always been deeply rooted in the moments and stories that shape country culture,” said Matt Carpenter, Vice President Marketing, Coors Family of Brands. “This collaboration with Wrangler and Chase Rice brings that spirit to life, turning an authentic personal story into something fans can connect with on a deeper level, from the music itself to the craftsmanship behind the ‘Beer Chords.’”

Fans can bring home a piece of the Coors Banquet x Wrangler collection via a Wrangler store, or online at shop.coors.com or wrangler.com beginning on May 28, 2026. Prices will range from $24.99 for the caps to $124.99 for the Embroidery Jackets.

You can find flatlay and lifestyle imagery of the collection here.

ABOUT MOLSON COORS BEVERAGE COMPANY

For more than two centuries, Molson Coors has brewed beverages that unite people to celebrate all life's moments. From our core power brands Coors Light, Miller Lite, Coors Banquet, Molson Canadian, Carling and Ožujsko to our above premium brands including Madrí Excepcional, Staropramen, Blue Moon Belgian White and Leinenkugel's Summer Shandy, to our economy and value brands like Miller High Life and Keystone Light, we produce many beloved and iconic beers. While Molson Coors’ history is rooted in beer, we offer a modern portfolio that expands beyond the beer aisle as well, including flavored beverages like Vizzy Hard Seltzer, spirits like Five Trail whiskey and non-alcoholic beverages like ZOA Energy. As a business, our ambition is to be the first choice for our people, our consumers and our customers, and our success depends on our ability to make our products available to meet a wide range of consumer segments and occasions. Molson Coors Beverage Company is a publicly traded company that operates through its Americas and EMEA & APAC reporting segments and is traded on the New York Stock Exchange and Toronto Stock Exchange. To learn more about Molson Coors Beverage Company, visit molsoncoors.com.

ABOUT WRANGLER

Wrangler®, of Kontoor Brands (NYSE: KTB), has been an icon in authentic American style for 75 years. With a rich legacy rooted in the Western lifestyle, Wrangler is committed to offering superior quality and timeless design. Its collections for men, women, and children look and feel great, inspiring all those who wear them to be strong and ready for everyday life. Wrangler is available in retail stores worldwide, including flagship stores in Fort Worth and Greensboro, department stores, mass-market retailers, specialty shops, top western outfitters, and online. For more information, visit Wrangler.com.

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Goldman Sachs is a leading investment firm on Wall Street and worldwide. The firm’s top-tier research department continues to provide institutional and high-net-worth clients with the best ideas across the investment spectrum and is likely to do so for years to come. Founded in 1869, it is the world’s second-largest investment bank by revenue and, according to published reports, ranked 32nd on the Fortune 500 list of the largest U.S. corporations by total revenue. The Wall Street white-glove giant offers financing, advisory services, risk distribution, and hedging for the firm’s institutional and corporate clients. At 24/7 Wall St., we have followed the company’s research for 15 years to bring our readers top stock ideas.

One of our favorite avenues is the firm’s Conviction List of top picks, which is reviewed and updated monthly. With the firm raising its year-end target for the S&P 500 to 8000, we decided to screen the Conviction List for the highest-yielding passive-income ideas. With the stock market hitting all-time highs seemingly every week, it may be time to shift to safer dividend-paying stocks. The Goldman Sachs Conviction List is a curated list of stocks that the firm’s research team believes are highly likely to outperform the market. It is a tool for investors to identify stocks with strong growth potential and is frequently updated to reflect changes in market conditions and company performance. The list aims to identify stocks where Goldman Sachs analysts have the “highest level of conviction” in their outperformance.

The Goldman Sachs team said this when explaining the S&P 500’s increase to 8000 by year-end.

Continued earnings growth should drive further upside in the equity market. We expect the S&P 500 to rise by 6% to our revised year-end target of 8000. Our previous target was 7600. The increased return forecast reflects higher earnings estimates for the S&P 500 following an exceptionally strong Q1 reporting season. We raise our S&P 500 EPS forecasts to $340 (+24% year/year) in 2026 and $385 (+13%) in 2027. The beneficiaries of AI infrastructure investment will account for roughly half of S&P 500 EPS growth this year.

Here are the five highest-yielding Conviction List stocks.

Ares Management A leader in alternative investments, this company pays a solid 3.67% dividend. Ares Management (NYSE: ARES | ARES Price Prediction) is an alternative investment manager offering clients complementary primary and secondary investment solutions across various asset classes.

Its segments include:

Credit Group, which manages credit strategies across the liquid and illiquid spectrum, including liquid credit, alternative credit, direct lending, and APAC credit. Private Equity Group categorizes its investment strategies as corporate private equity, special opportunities, and APAC private equity. Real Assets Group manages comprehensive equity and debt strategies across real estate and infrastructure investments. Secondaries Group invests in secondary markets across alternative asset classes, including private equity, real estate, infrastructure, and credit. The company has operations across:

North America South America Europe Asia Pacific The Middle East Goldman Sachs has a $138 target price, representing a 10% gain.

Brixmor Property This quality real estate investment trust (REIT) offers steady, reliable income, a portfolio of outstanding properties, and a rich 3.95% dividend. Brixmor Property (NYSE: BRX) is an internally managed REIT that conducts its operations primarily through Brixmor Operating Partnership and subsidiaries.

The company owns and operates open-air retail portfolios in the United States, measured by gross leasable area (GLA), consisting primarily of community and neighborhood shopping centers. The company’s portfolio consists of approximately 360 retail centers totaling over 64 million square feet of GLA.

Brixmor Property projects include:

Dickson City Crossings East Port Plaza Fox Run Gateway Plaza Old Bridge Gateway Pointe Orlando Shops at Palm Lakes Stewart Plaza Tinley Park Plaza Tyrone Gardens Vail Ranch Center Venice Village Village at Mira Mesa Westminster City Center The company’s national portfolio is primarily located within established trade areas in the top 50 Core-Based Statistical Areas (CBSAs) in the United States.

Goldman Sachs has a $35 target price for the stock, representing 12% upside.

Citizens Financial This is one of the nation’s oldest and largest financial institutions. Founded in 1828 and offering a dependable 2.82% dividend, this bank is a top choice for investors. Citizens Financial (NYSE: CFG) operates as a bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States.

The company operates in two segments. The Consumer Banking segment offers:

Deposit products Mortgage and home equity lending products Credit cards Business loans Wealth management and investment services Auto, education, and point-of-sale finance loans Digital deposit products This segment serves its customers through telephone service centers and its online and mobile platforms.

The Commercial Banking segment provides various financial products and solutions, including:

Lending and leasing Deposit and treasury management services Foreign exchange, interest rate, and commodity risk management solutions Syndicated loans, corporate finance Mergers and acquisitions Debt and equity capital markets services This segment serves corporate banking, healthcare, technology, asset finance, franchise finance, leasing, asset-based lending, commercial real estate, mid-corporate, and private equity sponsor industries.

The Goldman Sachs price target is $77, representing a 21% gain from current levels.

Duke Energy Duke Energy (NYSE: DUK) is an American electric power and natural gas holding company headquartered in Charlotte, North Carolina. It is located in a growing part of the country and pays a 3.50% dividend. Duke Energy and its subsidiaries operate as energy companies in the United States.

It operates through two segments. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest. To develop electricity, Duke Energy uses the following:

Coal Hydroelectric Natural gas Oil Solar and wind sources Renewables Nuclear fuel This segment also sells electricity to municipalities, electric cooperative utilities, and load-serving entities.

The Gas Utilities and Infrastructure segment distributes natural gas to

Residential Commercial Industrial Power generation natural gas customers The segment also invests in pipeline transmission projects, renewable natural gas projects, and natural gas storage facilities.

The $145 Goldman Sachs price target represents a 16% gain.

Kontoor Brands While somewhat off the radar, this company has tremendous upside, well-known brands, and pays a reasonable 3.08% dividend. Kontoor Brands (NYSE: KTB) is a global lifestyle apparel company. The company designs, manufactures, procures, sells, and licenses apparel, footwear, and accessories.

The lifestyle, outdoor, and workwear brands include Wrangler, Lee, and Helly Hansen.

The Wrangler brand offers multiple sub-brands, collections, and product lines within the Wrangler brand to target specific consumer demographics and end-users, including:

20X Aura from the Women at Wrangler Cowboy Cut Premium Patch Riggs Workwear Rock 47 Rustler Wrangler Retro Wrangler Rugged Wear Wrangler All Terrain Gear The Lee segment offers denim, apparel, footwear, and accessories for adults and children. The Lee brand offers multiple sub-brands, collections, and product lines, including:

Lee101 Riders Storm Rider Lee MVP Lee X The Helly Hansen brand is an outdoor and workwear brand. Helly Hansen offers sub-brands, including Helly Hansen Sport and Helly Hansen Workwear.

The Goldman Sachs price target of $95 would be a massive 33% gain for shareholders.

Key Takeaways Kontoor Brands expands its adjusted gross margin 470 bps to 50.6% in Q1'26.KTB benefits from Project Genius, a favorable mix and a roughly 200 bps Helly Hansen contribution.KTB projects FY26 gross margin expansion of 180-200 bps, driven by ongoing strategic initiatives. Kontoor Brands, Inc. (KTB - Free Report)  delivered a notable improvement in profitability in the first quarter of fiscal 2026, with the adjusted gross margin expanding 470 basis points (bps) year over year to 50.6%. Management attributed the improvement to the benefits generated by Project Genius, a favorable channel mix and a contribution of approximately 200 bps from Helly Hansen. The strong margin performance reflects the positive impacts of the company’s strategic initiatives and portfolio actions, which helped drive meaningful gains in gross profitability in the fiscal first quarter.

Kontoor Brands continues to leverage its global operating model, supply chain, technology platforms, planning capabilities and Project Genius to enhance execution across the business. Management highlighted that the early benefits of these initiatives are already becoming visible through stronger-than-expected profitability and earnings accretion.

The company remains committed to increasing Helly Hansen’s operating margin to the mid-teens over time through a combination of gross margin expansion and expense leverage. Management believes that these initiatives will drive meaningful improvements in the brand’s growth and margin profile, supporting stronger long-term financial performance.

Kontoor Brands expects the fiscal 2026 adjusted gross margin from continuing operations to be between 48.3% and 48.5%. This indicates an increase of 180-200 bps from that reported in the prior year. Management expects the margin expansion to be driven by the ongoing benefits of Project Genius, a favorable channel and product mix, and the contribution from Helly Hansen. These factors are expected to support stronger gross profitability and reflect the positive impacts of the company’s strategic initiatives and portfolio enhancements.

In conclusion, with Project Genius, favorable mix shifts and Helly Hansen’s growing contribution, Kontoor Brands appears well-positioned to sustain margin expansion and strengthen long-term profitability.

Zacks Rundown for KTBShares of Kontoor Brands have gained 6.1% in the past three months against the industry’s decline of 6.7%.

Image Source: Zacks Investment Research

From a valuation standpoint, KTB trades at a forward price-to-earnings ratio of 13.24X, lower than the industry’s average of 17.31X. Kontoor Brands currently carries a Zacks Rank #4 (Sell).

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for KTB’s current fiscal year earnings implies a year-over-year decline of 7%, while the same for earnings in the next fiscal year implies an 11.4% year-over-year increase.

Image Source: Zacks Investment Research

Stocks to ConsiderSome better-ranked stocks have been discussed below:

Vince Holding Corp. (VNCE - Free Report)  provides luxury apparel and accessories in the United States and internationally. It operates through Vince Wholesale and Vince Direct-to-Consumer segments. At present, the company sports a Zacks Rank of 1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for VNCE’s current fiscal-year sales and earnings implies growth of 4.5% and 25% from the year-ago reported figures. VNCE has delivered a trailing four-quarter earnings surprise of 647.2%, on average.

Columbia Sportswear Company (COLM - Free Report)  engages in the design, development, marketing and distribution of outdoor, active and lifestyle products in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa and Canada. At present, COLM flaunts a Zacks Rank of 1.

The Zacks Consensus Estimate for COLM’s current fiscal-year sales and earnings implies growth of 2.6% and 4.6% from the year-ago reported numbers. COLM delivered a trailing four-quarter earnings surprise of 44.1%, on average.

Superior Group of Companies, Inc. (SGC - Free Report)  produces, manufactures and sells promotional products and branded uniforms, and healthcare apparel and accessories in the United States and internationally. At present, SGC carries a Zacks Rank of 2 (Buy).

The Zacks Consensus Estimate for SGC’s current fiscal-year sales and earnings implies growth of 2% and 28.3%, respectively, from the year-ago reported figures. SGC delivered a trailing four-quarter negative earnings surprise of 81.9%, on average.