Levi Strauss Q1 net revenue reached $1.74 billion, exceeding analysts’ expectations of $1.65 billion.
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Adjusted earnings per share (EPS) for the first quarter was $0.42, while analysts expected $0.37. Full-year net revenue is forecast to grow by 5.5%-6.5%, up from the company's previous estimate of 5%-6% growth. Adjusted full-year EPS is expected to be between $1.42 and $1.48, compared to the company's prior estimate of $1.40-$1.46. One exchange’s US stock rose 5% in after-hours trading.
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