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LEVI posts earnings beat in first-quarter fiscal 2025. DTC revenues increase 9% on a reported basis.
Levi Strauss & Co. CEO Michelle Gass said if the company raises prices due to President Donald Trump's tariffs, the increases would be "very surgical."
Despite market pessimism, Levi Strauss & Co. presents a buying opportunity due to its attractive pricing and strong financial performance. Levi Strauss reported higher-than-expected earnings per share and adjusted earnings per share, despite revenue falling slightly short of analysts' expectations. The company's revenue growth was driven by its Levi's brands and Beyond Yoga products, with significant contributions from new store openings and e-commerce sales.
SAN FRANCISCO--(BUSINESS WIRE)--In the penultimate table titled Discontinued Operations - Dockers®, the Full-Year figures for the Year Ended December 1, 2024 (Dollars and shares in millions, except per share amounts) should read: Operating income: $262.7 (instead of $379.6); Income (loss) from continuing operations before income taxes: $217.6 (instead of $334.5); Net income (loss) from continuing operations: $210.4 (instead of $327.3); Net income (loss): $210.6 (instead of $327.5); Earnings (l.
Levi Strauss said fiscal first-quarter revenue rose, boosted by the U.S. market, and kept its outlook for the year unchanged but excluded the impact of higher tariffs from its guidance.
Levi Strauss beat first-quarter revenue estimates on Monday and maintained its full-year forecast, betting on steady demand for its denims and a diverse supply chain to navigate an escalating trade war that has hit footwear and apparel retailers.
SAN FRANCISCO--(BUSINESS WIRE)--Levi Strauss & Co. (NYSE: LEVI) today announced financial results for the first quarter ended March 2, 2025. The following information is based on continuing operations which excludes approximately $67 million of net revenues related to Dockers®. “We exceeded revenue and profitability expectations in Q1 marking a strong start to the year, another proof point that our transformation strategy is working,” said Michelle Gass, President and CEO of Levi Strauss &a.
Levi Strauss & Co. LEVI will release its first-quarter earnings results after the closing bell on Monday, April 7.
Levi Strauss & Co. LEVI will release earnings results for the first quarter, after the closing bell on Monday, April 7.
Wall Street Week's David Westin interviews Take-Two Interactive chairman & CEO Strauss Zelnick about the impending release of Grand Theft Auto VI, the differences between video games and other entertainment industries, and how Take-Two Interactive diversifies their portfolio through platform games, yearly releases, and mobile apps. -------- More on Bloomberg Television and Markets Like this video?