“It ticks all the boxes for us,” Baxter said, pointing to Helly Hansen’s expertise in both outdoor and workwear, the cornerstones of Kontoor’s business. “We get that in one fell swoop.”

Canadian Tire has struck a deal worth $898.8 million to sell outdoor-and-workwear business Helly Hansen to Kontoor Brands as the Canadian retailer tightens its focus on its home market.

Kontoor Brands (NYSE:KTB)  expects revenue of approximately $699M for the fourth quarter of 2024, up 4% compared to prior year and above analysts’ estimates of $697.03M. Adjusted EPS is projected to be approximately $1.