Clothing company Kontoor Brands (NYSE:KTB) will be announcing earnings results tomorrow before market open. Here's what to look for.

Last quarter Kontoor Brands reported revenues of $654.5 million, up 7.9% year on year, beating analyst revenue expectations by 2.2%. It was a weaker quarter for the company, with a miss of analysts' earnings estimates and underwhelming earnings guidance for the full year.

Is Kontoor Brands buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Kontoor Brands's revenue to decline 0.8% year on year to $725.9 million, a deceleration on the 7.4% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.37 per share.

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates four times over the last two years.

Looking at Kontoor Brands's peers in the apparel, accessories and luxury goods segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Ralph Lauren delivered top-line growth of 5.6% year on year, beating analyst estimates by 3.4% and Hanesbrands reported revenue decline of 12% year on year, missing analyst estimates by 5%. Ralph Lauren traded up 6.7% on the results, and Hanesbrands was down 4.5%.

Read our full analysis of Ralph Lauren's results here and Hanesbrands's results here.

Stocks have been under pressure as inflation (despite slowing) makes their long-dated profits less valuable, and while some of the apparel, accessories and luxury goods stocks have fared somewhat better, they have not been spared, with share price declining 4.7% over the last month. Kontoor Brands is up 2.2% during the same time, and is heading into the earnings with analyst price target of $63, compared to share price of $62.8.

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