Key PointsLevi Strauss had a solid quarter and reaffirmed its outlook that business will return to growth this year.Margins widened and support a solid outlook for capital returns. Analysts are raising their targets and aided a double-digit surge in the price action. 5 stocks we like better than Levi Strauss & Co.Levi Strauss NYSE: LEVI exemplifies how iconic branding, sound management, and forward-looking strategy can drive shareholder value. The company struggled with shifting consumer demands, inventory ...

Key TakeawaysLevi Strauss & Co. shares jumped more than 8% in extended trading Wednesday after the company surpassed analysts' quarterly expectations and raised its earnings guidance.Sales in the company's direct-to-consumer business grew 7% in the latest quarter and made up nearly half of the apparel maker's total revenue.A volume-backed breakout in Levi Strauss & Co shares above resistance around $20.20 would indicate underlying momentum behind the current uptrend. Shares in Levi Strauss & Co. (LEVI) jump ...

For the quarter ended February 2024, Levi Strauss (LEVI) reported revenue of $1.56 billion, down 7.8% over the same period last year. EPS came in at $0.26, compared to $0.34 in the year-ago quarter.The reported revenue represents a surprise of +1.47% over the Zacks Consensus Estimate of $1.54 billion. With the consensus EPS estimate being $0.21, the EPS surprise was +23.81%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

Levi Strauss (LEVI) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 23.81%. A quarter ago, it was expected that this jeans maker would post earnings of $0.42 per share when it actually produced earnings of $0.44, delivering a surprise of 4.76%.Over the last four quarters, the company ...

Levi’s is seeing its direct-to-consumer (D2C) business gain share, with transformations to shoppers’ digital journeys yielding strong eCommerce growth.The apparel company announced Wednesday (April 3) in its first quarter fiscal 2024 financial results that overall net revenue fell 8% year over year, dropping by 11% in the Americas. Yet the D2C business yielded a 10% rise in the U.S., with eCommerce revenue rising 13% across the business. In fact, D2C channels brought in their highest-yet 48% of all net reve ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Levi Strauss, which has long relied on wholesalers like Macy's and Kohl's to drive its business, is now doing nearly half of its sales through its own website and stores, the company said Wednesday when reporting fiscal first quarter earnings. In the three months ended Feb. 25, direct-to-consumer sales made up a record 48% of overall sales at Levi's, up from 42% in the year-ago period and 25% higher on a two-year basis, the retailer said. The shift is a boon for Levi's profits. But it raises questions about ...

OF $0.26 Exhibit 99.1 FOR IMMEDIATE RELEASE Investor Contact: Aida Orphan Media Contact: Elizabeth Owen Levi Strauss & Co. Levi Strauss & Co. (415) 501-6194 (415) 501-7777 Investor-Relations@levi.com NewsMediaRequests@levi.com LEVI STRAUSS & CO. REPORTS FIRST-QUARTER 2024 FINANCIAL RESULTS Q1 EARNINGS RESULTS ABOVE EXPECTATIONS GROSS MARGIN OF 58.2% UP 240 BPS OVER PRIOR YEAR DRIVEN BY LOWER PRODUCT COSTS & FAVORABLE MIX SHIFT GLOBAL DTC UP 7% INCLUDING 10% GROWTH IN THE U.S. DILUTED LOSS PER SHARE OF $(0.0 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________ Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended February 25, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-06631 _________________ LEVI STRAUSS & CO. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdic ...

The latest trading session saw Levi Strauss (LEVI) ending at $18.28, denoting a +0.49% adjustment from its last day's close. This change lagged the S&P 500's 0.63% gain on the day. Meanwhile, the Dow gained 0.2%, and the Nasdaq, a tech-heavy index, added 0.82%.Shares of the jeans maker have appreciated by 1.85% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 2.64% and outperforming the S&P 500's gain of 1.76%.Analysts and investors alike will be keeping a close eye o ...