Kontoor Brands (KTB) Targets Helly Hansen Revenue to Exceed $1.1 Billion by 2030, Driven by U.S. Expansion
Kontoor Brands (NYSE: KTB) outlined a five-year growth plan for its Helly Hansen brand, aiming for revenue to surpass $1.1 billion by 2030, representing a 10% compound annual growth rate. The plan also targets approximately $165 million in operating profit and over $500 million in cumulative operating cash flow over the period. U.S. expansion is central to the strategy, expected to generate 60% of Helly Hansen's growth through selective wholesale distribution, doubled e-commerce sales, and increased brand marketing.
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