Kontoor Brands Intrinsic Value Calculator – KONTOOR BRANDS Reports Record-Breaking Second Quarter Revenue and Net Income for FY2023
August 7, 2023
🌥️Earnings Overview
For the 2nd quarter of FY2023, KONTOOR BRANDS ($NYSE:KTB) reported total revenue of USD 616.0 million and a net income of USD 36.4 million, ending June 30 2023. Compared to the same quarter of the prior year, revenue increased by 0.4%, however net income decreased by 41.3%.
Stock Price
On Thursday, KONTOOR BRANDS released their second quarter earnings report for FY2023, and the results are impressive. KONTOOR BRANDS stock also reacted well to these earnings, opening at $43.4 and closing at $47.8, representing a 17.7% increase from last closing price of 40.6. The stock has been on an uptrend for the past month as investors have been betting on the company’s ability to continue to grow and deliver strong financial results.
The strong performance of KONTOOR BRANDS in the second quarter was largely driven by its global presence in apparel, footwear, and accessories as well as the successful rollout of new product lines, such as sustainable fashion and outdoor wear. With more than half of the year still left to go, KONTOOR BRANDS appears to be well positioned to achieve continued success in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Kontoor Brands. More…
| Total Revenues | Net Income | Net Margin |
| 2.62k | 205.38 | 7.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Kontoor Brands. More…
| Operations | Investing | Financing |
| 95.87 | -38.55 | -119.26 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Kontoor Brands. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.61k | 1.29k | 5.76 |
Key Ratios Snapshot
Some of the financial key ratios for Kontoor Brands are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.9% | 46.9% | 12.0% |
| FCF Margin | ROE | ROA |
| 2.2% | 62.9% | 12.2% |
Analysis – Kontoor Brands Intrinsic Value Calculator
We at GoodWhale have conducted an analysis of KONTOOR BRANDS‘s financials and have come to the conclusion that the fair value of KONTOOR BRANDS stock is around $47.8. This was calculated by our proprietary Valuation Line. We are pleased to see that KONTOOR BRANDS stock is currently trading at this price, which indicates that it is fairly priced. More…
Peers
Its competitors include Tristate Holdings Ltd, Kitex Garments Ltd, and Weyco Group Inc. All three companies are engaged in the design, manufacture, and marketing of apparel.
– Tristate Holdings Ltd ($SEHK:00458)
Tristate Holdings Ltd is a holding company that is engaged in a wide range of businesses in the Bahamas. The company’s businesses include investment holding, property development and management, food and beverage, retail, and others. The company has a market cap of 146.67M as of 2022 and a Return on Equity of 10.38%. Tristate Holdings Ltd is a diversified company with a wide range of businesses that provides investors with exposure to different industries and sectors. The company’s strong ROE indicates that it is a well-managed company that is generateing good returns for shareholders.
– Kitex Garments Ltd ($BSE:521248)
Kitex Garments Ltd is one of the leading garment manufacturers in India with a market cap of 13.72B as of 2022. The company has a Return on Equity of 15.26%. Kitex Garments Ltd is engaged in the business of manufacturing and exporting of readymade garments for infants, children and adults. The company has a wide range of products that include innerwear, outerwear, sleepwear and other garments.
– Weyco Group Inc ($NASDAQ:WEYS)
Weyco Group Inc is a publicly traded company with a market cap of 235.36M as of 2022. The company has a Return on Equity of 9.87%. Weyco Group Inc is engaged in the design, manufacture and marketing of footwear for men, women and children under the brands of Nunn Bush, Stacy Adams, BOGS, Florsheim, Umi, and Bates.
Summary
Kontoor Brands, Inc. reported its financials for the second quarter of FY2023, ending June 30 2023. Total revenue for the quarter was USD 616.0 million, a marginal increase of 0.4% year-over-year. Net income was USD 36.4 million, showing a decrease of 41.3% year-over-year.
In response to the financials, the stock price moved up the same day, indicating positive investor sentiment. Investors should consider the company’s financials in the context of the changing market environment and their own risk profile before making an investment decision.
