Levi's Shares Jump 12% on Strong Q1 Results, Upbeat Outlook

Levi Strauss & Co. (LEVI) - ★★★ - Ranked #70 in our Q2 Mid & Small Cap Equity Rankings

Shares of iconic denim brand Levi Strauss & Co. (LEVI) surged 12% in pre-market trading on Thursday following the release of the company's first-quarter financial results.

For the quarter, Levi's reported revenue of $1.56 billion, in line with Wall Street expectations. Earnings per share came in at $0.26, also matching analyst forecasts. The strong performance in Q1 led Levi's to raise its full-year guidance for 2024.

Investors appear encouraged by Levi's ability to navigate the challenging retail environment and deliver consistent financial performance. The company's focus on expanding its direct-to-consumer business and growing internationally also appears to be paying dividends.

As the iconic denim brand continues to adapt to evolving consumer preferences, Wall Street seems optimistic that Levi's can maintain its momentum and deliver attractive returns for shareholders in the periods ahead.

We currently have Levi's ranked as the #70 in our Q2 Mid & Small Cap Equity Rankings.

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