Levi (LEVI) Stock Gains Nearly 3% Following Q3 Beat
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Levi beats quarterly estimates as people refresh their wardrobes
October 6, 2021 4:12 PM EDT(Reuters) -Levi Strauss & Co on Wednesday beat third-quarter revenue and profit estimates, boosted by an uptick in demand for jeans from people refreshing their wardrobes as they returned to normal social life following easing pandemic restrictions.
Shares of the jeans maker rose 2% in extended trading after the Dockers brand owner said its board had approved a $200 million share repurchase plan. The company has a market capitalization of $49.49 billion, according to Refinitiv data.
... MoreLevi (LEVI) Tops Q3 EPS by 11c, Offers Q4 Guidance
October 6, 2021 4:09 PM EDTLevi (NYSE: LEVI) reported Q3 EPS of $0.48, $0.11 better than the analyst estimate of $0.37. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.46 billion.
GUIDANCE:
Levi sees Q4 2021 EPS of $0.38-$0.40, versus the consensus of... More
