Kontoor Brands Inc (KTB)

Pretax margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Earnings before tax but after interest (EBT)	US$ in thousands	271,899	319,136	244,600	72,936	135,194
Revenue	US$ in thousands	2,579,340	2,604,520	2,434,200	2,097,840	2,548,840
Pretax margin		10.54%	12.25%	10.05%	3.48%	5.30%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $271,899K ÷ $2,579,340K
= 10.54%

The pretax margin of Kontoor Brands Inc has fluctuated over the past five years, with a decrease in 2020 followed by a recovery and improvements in subsequent years. In 2019, the company reported a pretax margin of 5.30%, which increased to 3.48% in 2020. However, the company demonstrated a strong rebound in 2021 with a pretax margin of 10.05%, further improving to 12.25% in 2022. In the most recent period ending Dec 31, 2023, the pretax margin stands at 10.54%.

Overall, the trend indicates that Kontoor Brands Inc has managed to enhance its operational efficiency and profitability, particularly in the last three years. However, it is important to continue monitoring future performance to ensure sustainable growth and financial stability.