KTB Q1 2024 Earnings — Kontoor Brands, Inc. Revenue & Financial Results | Market Cap Arena

KTBKontoor Brands, Inc.

$4B

Q1 2024 Earnings

Consumer Cyclical Apparel - Manufacturers

Income Statement

Revenue

$631M-5.4% YoY

Gross Profit

$285M45.2% margin

Operating Income

$84M13.4% margin

Net Income

$60M9.4% margin

EPS (Diluted)

$1.05

QoQ Revenue Growth

-5.8%

Cash Flow

Operating Cash Flow

$56M

Free Cash Flow

$52M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$1.7B

Total Liabilities

$1.3B

Stockholders' Equity

$387M

Cash & Equivalents

$215M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$631M	$667M	-5.4%
Gross Profit	$285M	$287M	-0.5%
Operating Income	$84M	$95M	-11.1%
Net Income	$60M	$66M	-10.2%

Geographic Segments

UNITED STATES

$492M78%

Non-US

$139M22%