Levi Strauss Q1 earnings exceed expectations, driving share rise and raising FY24 guidance.
Levi Strauss & Co shares rise as Q1 earnings exceed expectations and FY24 guidance is raised. The company reported first-quarter earnings of $0.26 per share, beating the analyst consensus estimate by 23.81%. Levi Strauss's direct-to-consumer business is thriving, accounting for nearly 50% of its total revenue, up from 42% in the previous year. The company's strong performance and focus on direct-to-consumer sales have led to a raised full-year profit guidance, with expected adjusted earnings per share between $1.17 and $1.27 for FY24.
April 03, 2024
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