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Kontoor Brands (Kontoor Brands) Net Income : $224 Mil (TTM As of Mar. 2024)


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What is Kontoor Brands Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Kontoor Brands's Net Income for the three months ended in Mar. 2024 was $60 Mil. Its Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was $224 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Kontoor Brands's Earnings per Share (Diluted) for the three months ended in Mar. 2024 was $1.05.


Kontoor Brands Net Income Historical Data

The historical data trend for Kontoor Brands's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Kontoor Brands Net Income Chart

Kontoor Brands Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial 96.65 67.92 195.42 245.49 230.99

Kontoor Brands Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 66.30 36.40 59.53 68.77 59.51

Kontoor Brands Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Kontoor Brands's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=271.899+-40.905+0+0
=231

Kontoor Brands's Net Income for the quarter that ended in Mar. 2024 is calculated as

Net Income(Q: Mar. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=74.68+-15.173+0+-7.105427357601E-15
=60

Net Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $224 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Kontoor Brands  (NYSE:KTB) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Kontoor Brands's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Kontoor Brands Net Income Related Terms

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Kontoor Brands (Kontoor Brands) Business Description

Traded in Other Exchanges
Address
400 N. Elm Street, Greensboro, NC, USA, 27401
Kontoor Brands Inc is a lifestyle apparel company. It is engaged in designing, manufacturing, sourcing, marketing, and distribution of its portfolio of brands, including Wrangler and Lee. It manufactures its products in owned and leased facilities and distributes the products through both brick and mortar and e-commerce retailers. It generates the majority of its revenue from the Wrangler segment. The company's geographical segments are the United States and International, of which the majority of its revenue comes from the United States.
Executives
Susan Denise Sumner officer: VP & CAO 400 N. ELM STREET, GREENSBORO NC 27401
Joseph A Alkire officer: EVP & Chief Financial Officer C/O KONTOOR BRANDS, INC., 400 N. ELM STREET, GREENSBORO NC 27401
Thomas E. Waldron officer: VP & GB President - Wrangler 400 NORTH ELM STREET, GREENSBORO NC 27401
Andrew E Page director C/O FOOT LOCKER, INC., 330 WEST 34TH STREET, NEW YORK NY 10001
Doerr Thomas L Jr officer: EVP, GC, & Corp. Sec. ONE PARK PLAZA, 11270 W. PARK PLACE, SUITE 1000, MILWAUKEE WI 53224
Ashley Goldsmith director 400 N. ELM STREET, GREENSBORO NC 27401
Scott H Baxter director, officer: President & CEO 400 NORTH ELM STREET, GREENSBORO NC 27401
Laurel Krueger officer: VP, GC & Corporate Secretary ONE EXPRESS DRIVE, COLUMBUS OH 43230
Mark L. Schiller director C/O THE HAIN CELESTIAL GROUP, INC., 1111 MARCUS AVENUE, LAKE SUCCESS NY 11042
Robert Lynch director P. O. BOX 99900, LOUISVILLE KY 40269
Richard Carucci director 1441 GARDINER LANE, LOUISVILLE KY 47113
Juliana L Chugg director 1200 WILLOW LAKE BOULEVARD, PO BOX 64683, ST PAUL MN 55164-0683
Rich Williams director 600 W. CHICAGO AVENUE SUITE 400, CHICAGO IL 60654
Rustin Welton officer: VP & CFO 400 NORTH ELM STREET, GREENSBORO NC 27401
Christopher Waldeck officer: VP & GB President - Lee 400 NORTH ELM STREET, GREENSBORO NC 27401