Kontoor Brands Inc
For the period ended Dec 30, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
KTB$81.98+6.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| Year Ended December | |||
|---|---|---|---|
| (In thousands, except per share amounts) | 2023 | 2022 | 2021 |
| Net revenues | $2,607,472 | $2,631,444 | $2,475,916 |
| Costs and operating expenses | |||
| Cost of goods sold | 1,519,635 | 1,497,076 | 1,368,190 |
| Selling, general and administrative expenses | 768,568 | 777,703 | 824,747 |
| Total costs and operating expenses | 2,288,203 | 2,274,779 | 2,192,937 |
| Operating income | 319,269 | 356,665 | 282,979 |
| Interest expense | (40,408) | (34,919) | (38,900) |
| Interest income | 3,791 | 1,352 | 1,480 |
| Other expense, net | (10,753) | (3,962) | (959) |
| Income before income taxes | 271,899 | 319,136 | 244,600 |
| Income taxes | 40,905 | 73,643 | 49,177 |
| Net income | $230,994 | $245,493 | $195,423 |
| Earnings per common share | |||
| Basic | $4.13 | $4.40 | $3.40 |
| Diluted | $4.06 | $4.31 | $3.31 |
| Weighted average shares outstanding | |||
| Basic | 55,961 | 55,744 | 57,394 |
| Diluted | 56,931 | 56,962 | 59,086 |
Kontoor Brands, Inc. 2023 Form 10-K 47
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