For the first-quarter Levi reported earnings per share of 37 cents on revenue of $1.44 billion.
Shares of Levi Strauss & Co. rose in extended trading Tuesday after the world's biggest jeans seller reported its first quarterly earnings since its initial public offering on the New York Stock Exchange last month.
"Growth was broad-based across all three regions and all channels, demonstrating that our strategies are working and our investments are paying off," said Chip Bergh, its president and CEO in a press release. Levi Strauss went public a second time on March 21, 2019 in order to give its owners a chance to cash out on some of their holdings. The 166-year old company first went public in 1971, but has been a private company for the last 34 years.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Levi Strauss schools Big Tech on IPO successThe $9 bln jeans maker reported a healthy profit in its first results since going public last month, giving the stock a fresh boost. It now trades 35 pct above its initial offering price. Levi’s may not be flashy, but the company delivers the goods better than the likes of Lyft.
Read more »
Levi Strauss post-IPO earnings send shares higherLevi Strauss & Co. reported the company's first earnings since its March initial public offering on Tuesday, and shares rose in extended trading. The...
Read more »
Levi Strauss revenue rises 7 percent in first post-IPO quarterly reportLevi Strauss & Co posted a 7 percent rise in quarterly revenue on Tuesday in its...
Read more »
Here comes Levi Strauss' first earnings report as a public company in nearly 35 years ...Levi Strauss, which returned to the public market last month, is scheduled to report quarterly earnings on Tuesday afternoon.
Read more »
Levi Strauss CEO says China is a top priority for the jean giant's growthChina is only about 3% of the company's business today. Bergh said he looks at competitors like Nike, with 20% of its business in China, and wants to turn China into the company's growth engine.
Read more »
Can You Guess Which 'Harry Potter' Movie These Lines Are From?'It's Levi-OH-sa, not Levio-SAH.'
Read more »
With heart and humor, Zachary Levi says ‘Shazam!’ feels like ‘a very different type’ of DC movieLevi, Asher Angel and Mark Strong talk about making a superhero movie that balances fun with the darkness.
Read more »