Levi Strauss up after beating quarterly sales estimates

ReutersApr 7, 2025 8:23 PM

Shares of Levi Strauss LEVI.N rise 3.26% to $13.93 in extended trading

LEVI posts a 3% rise in Q1 revenue from continuing operations to $1.53 billion, excluding sales from its Dockers brand; analysts were expecting $1.54 billion, as per data compiled by LSEG

Q1 gross margin was up 330 basis points to 62.1%, from 58.8% last year

Maintains FY2025 organic net revenue and profit forecasts, excluding impact from newly announced tariffs and revenues from Dockers

LEVI has fallen 22% YTD, as of Monday's close

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