Levi Strauss reports Q1 EPS 26c, consensus 21c

Reports Q1 revenue $1.56B, consensus $1.55B. “We started the year strong delivering results above expectations, underscoring the power of the Levi‘s brand and the progress we are making on our strategic priorities. Both newness and strength in our core offerings are fueling consumer demand and driving meaningful market share gains,” said Michelle Gass, President and CEO of Levi Strauss & Co. “The momentum in our global DTC business continues, with DTC up in all segments. Our efforts to stabilize our wholesale business are delivering results. We are on our way to transforming this company into a best-in-class DTC-first apparel retailer, setting the stage for our next phase of sustainable profitable growth.”