Exhibit 99.1 KONTOOR BRANDS REPORTS STRONGER 2026 FIRST QUARTER RESULTS AND RAISES FULL YEAR OUTLOOK; ANNOUNCES PLANNED DIVESTITURE OF LEE AND $750 MILLION SHARE REPURCHASE PROGRAM During the first quarter, the Company initiated a competitive process to divest the Lee business. As a result, the Company's first quarter results and updated 2026 outlook reflect the presentation of the Lee business as discontinued operations. Key Highlights allocation optionality and accelerated growth as we drive enhanced shar ...