Kontoor Brands, Inc. [KTB] has reported a net loss of $231.0 million for year ended Dec 30, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $2.6 billion
Based in GREENSBORO, North Carolina, Kontoor Brands, Inc. operates in the MANUFACTURING sector.
In the annual report for the 12 months ended December 30, 2023, the following financial data was disclosed:
- Net revenues for the current period were $2.607 billion compared to $2.631 billion in the previous period and $2.476 billion in the period before that.
- The cost of goods sold was $1.520 billion in the current period, $1.497 billion in the previous period, and $1.368 billion in the year-ago period.
- Operating income for the current period was $319.3 million, slightly lower than the $356.7 million reported in the previous year but higher than the $283.0 million recorded in the year before that.
- Net income for the current period amounted to $231.0 million, a decrease from $245.5 million in the previous period and an increase from $195.4 million in the year-ago period.
- Earnings per common share for the basic calculation were $4.13 in the current period, down from $4.40 in the previous period and up from $3.40 in the year-ago period.
- Earnings per common share for the diluted calculation were $4.06 in the current period, lower than $4.31 in the previous period, and higher than $3.31 in the year-ago period.
Additionally, the weighted average shares outstanding for basic earnings per share were 55.961 thousand in the current period, 55.744 thousand in the previous period, and 57.394 thousand in the year-ago period. For diluted earnings per share, the weighted average shares outstanding were 56.931 thousand in the current period, 56.962 thousand in the previous period, and 59.086 thousand in the year-ago period.
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