Kontoor Brands (KTB) reported preliminary Q4 adjusted earnings Wednesday of $1.38 per diluted share, compared with $1.28 per share a year earlier.

Analysts polled by FactSet expect $1.33 per share.

Preliminary adjusted net revenue for the quarter ended Dec. 31 was $699 million, up from $670 million a year earlier.

Analysts surveyed by FactSet expect $697 million.

Shares of Kontoor Brands were down 2.3% in recent premarket activity.