Levi Strauss Raises Fiscal-Year Outlook on Resilient Direct-to-Consumer Sales
The apparel company said Thursday it is now expecting annual revenue to increase 1% to 2%, after previously guiding for a 1% to 2% decline in fiscal-year sales. Levi Strauss also raised its annual adjusted earnings per share range to $1.25 to $1.30, up from $1.20 to $1.25. That puts guidance ahead of analysts' estimates for $1.23 a share.
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