Levi beats quarterly estimates as people refresh their wardrobes
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Levi Strauss (LEVI) Stock Gains 4% After Beating Q3 Estimates, Analysts Bullish on Optimistic Outlook and Compelling Valuation
October 7, 2021 7:38 AM EDTShares of Levi Strauss (NYSE: LEVI) are up 4% in pre-open Thursday after the denim company reported better-than-expected Q3 earnings.
The company reported EPS of $0.48, beating the consensus estimate of $0.37. Sales for the quarter came in at $1.5 billion, higher than the consensus estimate of $1.46 billion.
We delivered a strong quarter with revenue growth versus pre-pandemic 2019 levels, despite a more difficult macro-environment than we expected, said Chip Bergh, president and chief executive officer of Levi Strauss & Co. These results reflect the strength of the Levi's® brand, improving momentum in our direct-to-consumer business and the... More
Levi (LEVI) Stock Gains Nearly 3% Following Q3 Beat
October 6, 2021 5:13 PM EDTLevi Strauss & Co. (NYSE: LEVI) stock gained 2.7% after-hours Wednesday after reported Q3 results, with EPS coming in at $0.48, beating the consensus estimate of $0.37.
Quarterly revenue grew 41% year-over-year (up 3% vs. Q3/19) to $1.5 billion, slightly higher than the consensus estimate of $1.46... More
