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Levi Strauss forecasts upbeat full year as apparel demand bounces back

Levi Strauss forecasts upbeat full year as apparel demand bounces back
07/08/2021 22:14
(Reuters) -Levi Strauss & Co on Thursday forecast a strong full-year profit after handily beating quarterly earnings estimates as demand for its jeans, tops, and jackets rebound quicker than expected across its markets.
Shares in Levi climbed 3% in extended trading as it also increased its third-quarter dividend by 33%.
Customers refreshing their wardrobes following months-long lockdowns and COVID-19-related restrictions are boosting sales of loose-fitting jeans and street clothes at Levi and its peers American Eagle and Abercrombie & Fitch.
About 35% of consumers in the U.S. have changed waist sizes. And some of it is up and some of it is down, but either way, it creates another reason for people to go out and update their wardrobe, Chief Executive Officer Charles Bergh said on an earnings call. ....

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Levi Strauss raises sales growth outlook on vaccine rollout hopes

By Reuters Staff
2 Min Read
(Reuters) - Levi Strauss & Co on Thursday raised its half-year revenue growth forecast, banking on COVID-19 vaccine rollouts to spur a return to normalcy, after the denim maker beat estimates for quarterly results on a pandemic-led e-commerce boost.
FILE PHOTO: Products are displayed at a Levi Strauss store in New York, U.S., March 19, 2019. REUTERS/Shannon Stapleton/File Photo
Shares in the company rose 5% in extended trading, as it also raised its quarterly dividend to 6 cents per share from 4 cents.
Many apparel sellers, including Nike Inc and Kohl’s Corp, have also expressed similar optimism about store traffic rebounding to normal levels, even as online sales have boomed amid the health crisis in recent months. ....

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Levi Strauss raises sales outlook on vaccine hopes, shares jump - Netscape Money & Business

Levi Strauss raises sales outlook on vaccine hopes, shares jump
04/08/2021 20:36
(Reuters) - Levi Strauss & Co on Thursday raised its half-year revenue growth forecast, banking on COVID-19 vaccine rollouts to spur a return to normalcy, after the denim maker beat estimates for quarterly results on a pandemic-led e-commerce boost.
Shares in the company rose 5% in extended trading, as it also raised its quarterly dividend to 6 cents per share from 4 cents.
Many apparel sellers, including Nike Inc and Kohl s Corp, have also expressed similar optimism about store traffic rebounding to normal levels, even as online sales have boomed amid the health crisis in recent months. ....

Praveen Paramasivam , Kohl Corp , Nike Inc , Levi Strauss Co On , Levi Strauss , Chief Executive Officer Chip Bergh , ப்ரவீன் பரமசிவம் , கோல் கார்ப் , நைக் இன்க் , லெவி ஸ்ட்ராஸ் இணை ஆன் , லெவி ஸ்ட்ராஸ் , தலைமை நிர்வாகி அதிகாரி சிப் பெர்க் ,

Levi Strauss raises sales growth outlook on vaccine rollout hopes

Levi Strauss raises sales growth outlook on vaccine rollout hopes
metro.us - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from metro.us Daily Mail and Mail on Sunday newspapers.

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Levi Strauss forecast disappoints as virus resurgence shutters stores

Levi Strauss forecast disappoints as virus resurgence shutters stores
The Levi Strauss & Co. logo is seen on display ahead of IPO on floor of New York Stock Exchange (NYSE) in New York
(Reuters) – Levi Strauss & Co on Wednesday forecast first-quarter results below analysts’ estimates as the resurgence of COVID-19 shutters the denim maker’s stores in major markets, sending its shares 9% lower in extended trading.
The spike in coronavirus cases from late last year has led to lower traffic at stores and fresh capacity restrictions for shopping centers in key regions such as California, denting retailers’ sales during the crucial holiday shopping season. ....

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