Shares of the Greensboro, N.C., company were recently down nearly 15% at $73.61. Kontoor said it expects full-year adjusted earnings of $5.20 to $5.30 a share on revenue of $2.63 billion to $2.69 billion.

Kontoor Brands (NYSE:KTB) topped expectations with its Q4 earnings report, but set full-year guidance below expectations. Total revenue was up 4% to $699 million. The increase was driven by 9% growth in global direct-to-consumer and 4% growth in wholesale.