• Kontoor Brands average gross margin for 2023 was 41.93%, a 4.2% increase from 2022.
• Kontoor Brands average gross margin for 2022 was 43.77%, a 1.37% decline from 2021.
• Kontoor Brands average gross margin for 2021 was 44.38%, a 10.4% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.