Levi Strauss beats expectations on the top and bottom lines, raises guidance

Levi Strauss

beat Wall Street’s expectations on the top and bottom lines Tuesday, leading the retailer to raise its guidance.

The denim maker is now expecting full-year adjusted earnings per share to be between $1.42 and $1.48 per share, compared to expectations of $1.47 per share, according to LSEG.

It’s expecting sales to rise between 5.5% and 6.5%, ahead of estimates of 5.6%, according to LSEG.

Here’s how the apparel maker did in its first fiscal quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG: