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

Quarterly report [Sections 13 or 15(d)]

EARNINGS PER SHARE

EARNINGS PER SHARE

9 Months Ended

Sep. 27, 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 September				Nine Months Ended September

(In thousands, except per share amounts)	2025		2024		2025		2024
Net income	$	36,944	$	70,548	$	153,695	$	181,824
Basic weighted average shares outstanding	55,575		55,421		55,497		55,655
Dilutive effect of stock-based awards	494		633		537		761
Diluted weighted average shares outstanding	56,069		56,054		56,034		56,416
Earnings per share:
Basic earnings per share	$	0.66	$	1.27	$	2.77	$	3.27
Diluted earnings per share	$	0.66	$	1.26	$	2.74	$	3.22

For the three and nine months ended September 2025 and September 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 nine months ended September 2025, a total of 0.6 million shares of performance-based restricted stock units 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 nine months ended September 2024, a total of 0.5 million and 0.6 million shares, respectively, of performance-based restricted stock units were excluded from the calculations of diluted earnings per share as the units were not considered to be contingent outstanding shares.