Kontoor Brands Inc (KTB)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	479,509	489,475	466,967	501,540	315,037	285,526	312,053	258,802	239,275	233,192	222,028	154,598	45,999	652,396	633,509	719,959
Revenue (ttm)	US$ in thousands	2,589,611	2,647,350	2,600,927	2,599,919	2,604,516	2,540,463	2,588,165	2,465,948	2,434,204	2,469,159	2,394,349	2,247,901	2,097,839	2,049,753	2,117,336	2,390,409
Gross profit margin		18.52%	18.49%	17.95%	19.29%	12.10%	11.24%	12.06%	10.50%	9.83%	9.44%	9.27%	6.88%	2.19%	31.83%	29.92%	30.12%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $479,509K ÷ $2,589,611K
= 18.52%

The gross profit margin of Kontoor Brands Inc has shown a fluctuating trend over the past few quarters. In the latest quarter of December 2023, the gross profit margin improved to 18.52%, indicating the company's ability to generate more profit from its sales after accounting for the cost of goods sold.

Prior to that, the company experienced a gradual improvement in its gross profit margin, with a noticeable increase from March 2023 to September 2023. This period of consistent improvement may suggest that Kontoor Brands Inc implemented cost-saving measures or achieved better pricing strategies to enhance its profitability.

Comparing the current gross profit margin with the same quarter in the previous year, there has been a substantial improvement from 12.10% in December 2022 to 18.52% in December 2023. This significant increase demonstrates the company's efforts in cost control and operational efficiency.

Overall, while there have been fluctuations in the gross profit margin of Kontoor Brands Inc, the recent trend suggests a positive trajectory in enhancing profitability and operational performance. Investors and stakeholders may find this improvement encouraging in evaluating the company's financial health and performance.