Kontoor Brands, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

EARNINGS PER SHARE

EARNINGS PER SHARE

6 Months Ended

Jun. 28, 2025

The calculations of basic and diluted earnings per share ("EPS") are based on net income divided by the basic weighted average number of common shares and diluted weighted average number of common shares outstanding, respectively.

The following table presents the calculations of basic and diluted EPS:


	Three Months Ended June				Six Months Ended June

(In thousands, except per share amounts)	2025		2024		2025		2024
Net income	$	73,869	$	51,769	$	116,751	$	111,276
Basic weighted average shares outstanding	55,560		55,810		55,458		55,772
Dilutive effect of stock-based awards	415		646		559		825
Diluted weighted average shares outstanding	55,975		56,456		56,017		56,597
Earnings per share:
Basic earnings per share	$	1.33	$	0.93	$	2.11	$	2.00
Diluted earnings per share	$	1.32	$	0.92	$	2.08	$	1.97

For the three and six months ended June 2025 and June 2024, an immaterial number of shares were excluded from the dilutive earnings per share calculations because the effect of their inclusion would have been anti-dilutive.

For the three and six months ended June 2025, a total of 0.6 million shares of PRSUs were excluded from the calculations of diluted earnings per share as the units were not considered to be contingent outstanding shares. For the three and six months ended June 2024, a total of 0.8 million and 0.7 million shares, respectively, of PRSUs were excluded from the calculations of diluted earnings per share as the units were not considered to be contingent outstanding shares.