Warnaco announced that it plans to sell most of its swimwear brands, such as Anne Cole, Cole of California. The company expects to generate $30 million to $32 million from the move. Further, the company raised its 2007 earnings outlook. It expects revenue to grow nine percent to 11 percent, compared to earlier announced value of seven to nine percent. This news had a positive impact on the stock price in the early hours of trading.