Levi Strauss reports Q1 adjusted EPS 34c, consensus 32c

Reports Q1 revenue $1.7B, consensus $1.62B. "Our first quarter results reflect the strength of our brands and the progress we are making against our strategic priorities," said Chip Bergh, president and CEO of Levi Strauss & Co. "We delivered strong growth in our international business and record-breaking revenue performance in our direct-to-consumer channel. As we celebrate the 150th anniversary of the iconic 501 jean, we are deepening connections with consumers and cementing loyalty with the next generation of Levi’s fans. This past quarter in the U.S., we were the market share leader among the key 18- to 30-year-old consumer, and we continued to grow share in our women’s denim bottoms business, further narrowing the gap to number one."