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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.

The information provided in this report is for general informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. The opinions expressed in the report are our own and are subject to change without notice. We may have a position in the securities mentioned in the report, and we may buy or sell such securities without notice. Any investment decisions made based on the information in this report are solely the responsibility of the recipient. We do not accept any liability for any direct, indirect, or consequential loss arising from any use of this report or its contents.

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