10:31 AM EDT, 08/01/2024 (MT Newswires) -- Kontoor Brands ( KTB ) shares rose 1.3% in recent Thursday trading after the company's Q2 adjusted earnings and revenue topped analysts' expectations.

The company reported earlier Q2 adjusted earnings of $0.98 per diluted share, up from $0.77 a year earlier.

Analysts polled by Capital IQ expected $0.88.

Net revenue for the quarter ended June 29 was $606.9 million, down from $616 million a year earlier.

Analysts surveyed by Capital IQ expected $593.0 million.

The company said it expects Q3 adjusted EPS of about $1.25 on revenue of about $660 million. Analysts surveyed by Capital IQ expect adjusted EPS of $1.41 and revenue of $676.3 million.

The company said it expects full-year adjusted EPS of about $4.80, compared with its prior outlook of $4.70 to $4.80. Analysts polled by Capital IQ expect $4.72. The company maintained its revenue outlook for the year of $2.57 billion to $2.63 billion. Analysts surveyed by Capital IQ expect $2.60 billion.

Price: 71.08, Change: +0.92, Percent Change: +1.32