2023-01-25 21:27:26

Levi Strauss beats estimates, offers upbeat guidance for fiscal year

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CNBC
By Gabrielle Fonrouge

Key Points

  • Levi Strauss earnings beat Wall Street's estimates, and the company offered an upbeat sales outlook.
  • The company also saw a 2% drop in direct to consumer sales after at least a year of growth.
  • The company plans to open around 100 stores across Europe after shuttering nearly every shop in Russia amid its war with Ukraine.

In this article

  • LEVI

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A pair of Levi's selvedge denim jeans arranged in Louisville, Kentucky.

Luke Sharrett | Bloomberg | Getty Images

Levi Strauss on Wednesday posted earnings and revenue that topped Wall Street's expectations.

Shares of the company rose in after-hours trading as the company also offered upbeat sales guidance for its new fiscal year.

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