Jeans and apparel maker Levi Strauss & Co. reported better-than-expected revenue and earnings and raised its fiscal year guidance.

For the fiscal first quarter ended March 1, the denim giant reported adjusted earnings of 42 cents a share, up from 38 cents a share in the year-ago first quarter, and revenue of $1.74 billion, up 14%.

Analysts surveyed by FactSet expected Levi's to report earnings of 37 cents a share on sales of $1.65 billion.

Levi's shares were up 10%, at $21.68, in overnight trading, after closing up 0.3% at $19.71 in regular trading.

"We delivered very strong financial performance in the first quarter driven by broad-based growth across channels, regions and categories," President and CEO Michelle Gass said.

Gass added that the evolution to a direct-to-consumer-first denim lifestyle brand "is allowing us to capture a much larger addressable market and deliver faster and more consistent growth."

Net revenue rose 9% in the Americas, to $856 million. In Europe, net revenue increased 24%, to $496 million. And in Asia, net revenue grew 13%, to $347 million. Levi's Beyond Yoga revenue increased 23% to $43 million, and direct-to-consumer revenue grew 16%.

Analysts had expected $814 million in quarterly sales in the Americas; $444 million in Europe; and $344 million in Asia. Beyond Yoga was expected to contribute $40 million in sales. Beyond Yoga was expected to contribute $40 million in sales.

Gass and Chief Financial and Growth Officer Harmit Singh will host a conference call to discuss results at 5 p.m. Eastern time on Tuesday.

Levi's raised its full-year revenue guidance for the fiscal year ended Nov. 29, 2026, projecting growth of 5.5% to 6.5%, up from 5% to 6% previously. It now expects adjusted earnings of $1.42 to $1.48 a share, up from $1.40 to $1.46. The guidance assumes "no significant worsening of macro-economic pressures on the consumer, inflationary pressures, supply chain disruptions, potential tariffs or currency fluctuations."

Barron's wrote last week that analysts were expecting Levi's to report solid results as it looks to move beyond tariff headwinds, including by raising prices over the past year, selling clothing other than denim, and shifting to direct-to-consumer sales online and through company-branded stores instead of other apparel retailers.