Kontoor Brands up on annual revenue forecast raise

** Shares of apparel company Kontoor Brands KTB.N up 7.3% at $60.86 premarket

** Co expects annual revenue between $3.09 and $3.12 billion, representing growth of about 19% to 20% vs. prior outlook of 17% to 19% growth

** Expects annual adjusted EPS at about $5.45, midpoint of prior outlook of $5.40 to $5.50, and includes an impact of 40 cents per share from recently enacted increases in tariffs

** Posts Q2 revenue of $658 million vs. estimates of $634.9 million and adjusted EPS of $1.21, beating estimates of 83 cents - data compiled by LSEG

** Up to last close, the stock has fallen 33.6% YTD