Coronavirus Likely Hit New Wrangler Jeans Rollout in China
Unlike many other apparel companies that were affected by the United States' escalating trade war with China, Wrangler jeans parent Kontoor Brands (NYSE: KTB) cast a worried eye about the fallout of negotiations with Mexico.
Ten of its 13 factories were located south of the border, because Mexico is the largest supplier of men's and boys' jeans, representing about 35% of the total. Some 40% of the raw materials and finished products Kontoor uses and produces come from there.
Yet as the denim apparel company prepares to report its fourth-quarter earnings on Thursday, March 5, China may actually weigh most heavily on Kontoor's results.
Source Fool.com
