Shares of clothing company Kontoor Brands (NYSE:KTB) jumped 10.4% in the morning session after the company reported first quarter results that blew past analysts' EPS expectations, driven by outperformance in its constant currency revenue growth and gross margin. It also reduced its inventory levels by 24% year on year. Looking ahead, Kontoor Brands raised its full-year EPS guidance, a great sign for investors (especially amongst a weaker consumer discretionary market backdrop). Overall, we thin