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

Jul. 04, 2026

The calculations of basic and diluted earnings per share ("EPS") are based on income from continuing operations 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 from continuing operations:


	Three Months Ended June				Six Months Ended June

(In thousands, except per share amounts)	2026		2025		2026		2025
Income from continuing operations	$	57,021	$	58,696	$	118,059	$	68,945
Basic weighted average shares outstanding	55,089		55,560		55,156		55,458
Dilutive effect of stock-based awards	406		415		590		559
Diluted weighted average shares outstanding	55,495		55,975		55,746		56,017
Earnings per share:
Basic earnings per share from continuing operations	$	1.04	$	1.06	$	2.14	$	1.25
Diluted earnings per share from continuing operations	$	1.03	$	1.05	$	2.12	$	1.23

For the three and six months ended June 2026 and June 2025, 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 2026, a total of 0.5 million and 0.4 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. For the three and six months ended June 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.