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

Oct. 03, 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 September				Nine Months Ended September

(In thousands, except per share amounts)	2026		2025		2026		2025
(Loss) income from continuing operations	$	(33,604)	$	16,006	$	84,455	$	84,951
Basic weighted average shares outstanding	54,631		55,575		54,981		55,497
Dilutive effect of stock-based awards	—		494		521		537
Diluted weighted average shares outstanding	54,631		56,069		55,501		56,034
Earnings per share:
Basic earnings per share from continuing operations	$	(0.62)	$	0.29	$	1.54	$	1.54
Diluted earnings per share from continuing operations	$	(0.62)	$	0.29	$	1.52	$	1.52

For the nine months ended September 2026 and the three and nine months ended September 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 months ended September 2026, due to the loss in the period, potential common shares of 0.4 million were excluded from the computation of diluted earnings per share because the effect would be anti-dilutive.

For the three and nine months ended September 2026, a total of 0.9 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. 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.