Stock Track | Levi Strauss Soars 9.94% in Pre-Market After Strong Q1 Earnings Beat and Raised Full-Year Guidance

Stock Track

Apr 08

Levi Strauss & Co.'s stock surged 9.94% in pre-market trading on Wednesday, following the release of its first-quarter financial results that exceeded analyst expectations.

The denim apparel maker reported adjusted earnings per share of $0.42, beating estimates of $0.37, while revenue jumped 14% year-over-year to $1.74 billion, surpassing forecasts of $1.65 billion. The company also raised its full-year revenue growth guidance to 5.5%-6.5% from 5%-6% previously, and increased its adjusted EPS outlook to $1.42-$1.48 from $1.40-$1.46.

Management attributed the strong performance to robust denim demand, strength in the direct-to-consumer segment, and successful turnaround efforts. Additionally, specific product lines like the 517 jeans saw a sales lift after being featured in a popular TV show, contributing to overall growth.

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The company also raised its full-year revenue growth guidance to 5.5%-6.5% from 5%-6% previously, and increased its adjusted EPS outlook to $1.42-$1.48 from $1.40-$1.46.</p><p>Management attributed the strong performance to robust denim demand, strength in the direct-to-consumer segment, and successful turnaround efforts. Additionally, specific product lines like the 517 jeans saw a sales lift after being featured in a popular TV show, contributing to overall growth.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LEVI","symbol_name":"李维斯","start_time":0,"source_url":"","article_id":"1174387868","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1174387868","pubTimestamp":1775644108,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Levi Strauss & Co.'s stock surged 9.94% in pre-market trading on Wednesday, following the release of its first-quarter financial results that exceeded analyst expectations.The denim apparel maker...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LEVI":"李维斯"},"translate_title":"个股追踪|Q1盈利强劲超预期并上调全年指引李维斯盘前大涨9.94%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LEVI":1},"content_text":"Levi Strauss & Co.'s stock surged 9.94% in pre-market trading on Wednesday, following the release of its first-quarter financial results that exceeded analyst expectations.The denim apparel maker reported adjusted earnings per share of $0.42, beating estimates of $0.37, while revenue jumped 14% year-over-year to $1.74 billion, surpassing forecasts of $1.65 billion. 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