We are gaining share in the middle-income consumer, says Michelle Gass – the chief executive of Levi Strauss & Co (NYSE: LEVI)Levi’s reports a strong Q1 and raises guidance Copy link to section The denim jeans company came in ahead of expectations for Q1 and raised profit guidance for the full year last night. Discussing the earnings release on CNBC today – the chief executive added: Denim category in the U.S., our biggest market, after a couple of years of volatility, has stabilised. Denim … and I’d say Le ...

Shares of the apparel company were up on better-than-expected earnings results.Shares of Levi Strauss (LEVI 14.82%) were soaring today after the apparel company beat estimates in its first-quarter earnings report and raised its guidance for the year.As of 10:21 a.m. ET, the stock was up 17.5% on the news. Levi hops over a low barLevi Strauss said revenue in the quarter was down 8% to $1.56 billion, but that was slightly ahead of the consensus at $1.55 billion.Revenue was down in part due to one-time events ...

Levi Strauss & Co (NYSE:LEVI) stock is soaring to two-year highs, up 16.9% at $21.81 at last glance, earlier hitting a peak of $22.39. The retailer posted strong first-quarter earnings and stellar 2024 forecast thanks to direct customer sales and cost-saving measures, including job cuts and fewer promotions. Plus, no fewer than seven analysts lifted their price targets after the event. On track for its highest single-day percentage gain since March 2020, LEVI is up 33% since the start of the year. Recent su ...

The Levi Strauss & Co. label is seen on clothes in a store at the Woodbury Common Premium Outlets in Central Valley, New York, U.S., February 15, 2022.Shares of Levi Strauss surged 18% on Thursday after the retailer raised its full-year profit guidance and posted holiday earnings that beat expectations. Late Wednesday, Levi's announced its fiscal first quarter earnings and said it expects adjusted earnings per share for fiscal 2024 to be between $1.17 and $1.27, up from a previous range of $1.15 to $1.2 ...

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 ...

Operator Thank you. This concludes today's conference call. Please disconnect your lines at this time. Levi Strauss & Co. (NYSE:LEVI) Q1 2024 Earnings Conference Call April 3, 2024 5:00 PM ET Aida Orphan - Vice President, Investor Relations Michelle Gass - President and Chief Executive Officer Harmit Singh - Chief Financial and Growth Officer Robert Drbul - Guggenheim Securities Laurent Vasilescu - BNP Paribas Dana Telsey - Telsey Advisory Group Jay Sole - UBS Oliver Chen - TD Cowen Christopher Nardone - Ba ...

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 ...