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Skinny Jeans Are Out and Wide-Leg Denim Is in Vogue The World Is in a New Denim Cycle, Levi s CEO Says
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Levi surges to highest since IPO on optimistic sales outlook
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2 hours ago
Its shares jumped more than 6% in after-hours trading. These results point to really good evidence that we will emerge from the pandemic a stronger company, CEO Chip Bergh told CNBC. We beat our own expectations internally [and] beat external expectations, despite having a third of our stores closed in Europe over the entire quarter.
Here s how the company did for its quarter ended Feb. 28, compared with what analysts were anticipating, based on a survey by Refinitiv:
Earnings per share: 34 cents adjusted vs. 25 cents expected
Revenue: $1.31 billion vs. $1.25 billion expected
Levi s net income declined slightly to $142.5 million, or 35 cents per share, from $152.7 million, or 37 cents per share, a year earlier. Excluding one-time charges, the company earned 34 cents per share, better than the 25 cents forecast by analysts, according to Refinitiv.
Its shares jumped more than 6% in after-hours trading. These results point to really good evidence that we will emerge from the pandemic a stronger company, CEO Chip Bergh told CNBC. We beat our own expectations internally [and] beat external expectations, despite having a third of our stores closed in Europe over the entire quarter.
Here s how the company did for its quarter ended Feb. 28, compared with what analysts were anticipating, based on a survey by Refinitiv:
Earnings per share: 34 cents adjusted vs. 25 cents expected
Revenue: $1.31 billion vs. $1.25 billion expected
Levi s net income declined slightly to $142.5 million, or 35 cents per share, from $152.7 million, or 37 cents per share, a year earlier. Excluding one-time charges, the company earned 34 cents per share, better than the 25 cents forecast by analysts, according to Refinitiv.
Levi Strauss Names Robert Eckert Chair
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