Levi Strauss (LEVI) Stock Gains 4% After Beating Q3 Estimates, Analysts Bullish on Optimistic Outlook and Compelling Valuation

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Go back to Levi Strauss (LEVI) Stock Gains 4% After Beating Q3 Estimates, Analysts Bullish on Optimistic Outlook and Compelling Valuation

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.

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