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Kontoor Brands (Kontoor Brands) Retained Earnings : $167 Mil (As of Dec. 2023)


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What is Kontoor Brands Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Kontoor Brands's retained earnings for the quarter that ended in Dec. 2023 was $167 Mil.

Kontoor Brands's quarterly retained earnings increased from Jun. 2023 ($125 Mil) to Sep. 2023 ($156 Mil) and increased from Sep. 2023 ($156 Mil) to Dec. 2023 ($167 Mil).

Kontoor Brands's annual retained earnings increased from Dec. 2021 ($23 Mil) to Dec. 2022 ($87 Mil) and increased from Dec. 2022 ($87 Mil) to Dec. 2023 ($167 Mil).


Kontoor Brands Retained Earnings Historical Data

The historical data trend for Kontoor Brands's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Kontoor Brands Retained Earnings Chart

Kontoor Brands Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial -1.72 7.15 22.64 86.73 166.57

Kontoor Brands Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 86.73 116.19 125.00 156.49 166.57

Kontoor Brands Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Kontoor Brands  (NYSE:KTB) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Kontoor Brands (Kontoor Brands) Business Description

Traded in Other Exchanges
Address
400 N. Elm Street, Greensboro, NC, USA, 27401
Kontoor Brands Inc is a lifestyle apparel company. It is engaged in designing, manufacturing, sourcing, marketing, and distribution of its portfolio of brands, including Wrangler and Lee. It manufactures its products in owned and leased facilities and distributes the products through both brick and mortar and e-commerce retailers. It generates the majority of its revenue from the Wrangler segment. The company's geographical segments are the United States and International, of which the majority of its revenue comes from the United States.
Executives
Susan Denise Sumner officer: VP & CAO 400 N. ELM STREET, GREENSBORO NC 27401
Joseph A Alkire officer: EVP & Chief Financial Officer C/O KONTOOR BRANDS, INC., 400 N. ELM STREET, GREENSBORO NC 27401
Thomas E. Waldron officer: VP & GB President - Wrangler 400 NORTH ELM STREET, GREENSBORO NC 27401
Andrew E Page director C/O FOOT LOCKER, INC., 330 WEST 34TH STREET, NEW YORK NY 10001
Doerr Thomas L Jr officer: EVP, GC, & Corp. Sec. ONE PARK PLAZA, 11270 W. PARK PLACE, SUITE 1000, MILWAUKEE WI 53224
Ashley Goldsmith director 400 N. ELM STREET, GREENSBORO NC 27401
Scott H Baxter director, officer: President & CEO 400 NORTH ELM STREET, GREENSBORO NC 27401
Laurel Krueger officer: VP, GC & Corporate Secretary ONE EXPRESS DRIVE, COLUMBUS OH 43230
Mark L. Schiller director C/O THE HAIN CELESTIAL GROUP, INC., 1111 MARCUS AVENUE, LAKE SUCCESS NY 11042
Robert Lynch director P. O. BOX 99900, LOUISVILLE KY 40269
Richard Carucci director 1441 GARDINER LANE, LOUISVILLE KY 47113
Juliana L Chugg director 1200 WILLOW LAKE BOULEVARD, PO BOX 64683, ST PAUL MN 55164-0683
Rich Williams director 600 W. CHICAGO AVENUE SUITE 400, CHICAGO IL 60654
Rustin Welton officer: VP & CFO 400 NORTH ELM STREET, GREENSBORO NC 27401
Christopher Waldeck officer: VP & GB President - Lee 400 NORTH ELM STREET, GREENSBORO NC 27401