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Levi Strauss & Co (NYSE:LEVI) shares gained more than 6% after Wednesday's closing bell after the apparel brand posted better-than-expected financial results for the fiscal first quarter and upped its full-year profit forecast. The company, known for its iconic jeans, posted adjusted earnings per share (EPS) of $0.26, ahead of estimates of $0.20, for the quarter ended February 25, 2024.
The jeans maker posted a quarterly loss following a restructuring charge and raised its outlook for the year as it refocuses its business model toward its direct-to-consumer channel to offset declining wholesale sales.
Levi Strauss is now doing nearly half of its sales through its own website and stores, the company said when reporting fiscal first quarter earnings.
Levi Strauss & Co. (LEVI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Levi Strauss & Co (NYSE:LEVI) is on track to deliver slightly better than expected results for the first quarter, analysts at UBS believe. The apparel company known for its iconic jeans will hand down its financial results for the quarter ended February 25 on Wednesday, April 3, after the stock market closes.
In the latest trading session, Levi Strauss (LEVI) closed at $18.72, marking a +0.05% move from the previous day.
Levi Strauss (LEVI) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Levi Strauss (LEVI) reachead $18.28 at the closing of the latest trading day, reflecting a +0.49% change compared to its last close.
Levi Strauss (LEVI) concluded the recent trading session at $18.26, signifying a +0.22% move from its prior day's close.
Recently, Zacks.com users have been paying close attention to Levi Strauss (LEVI). This makes it worthwhile to examine what the stock has in store.