Levi Strauss schools Big Tech on IPO success

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Levi Strauss can school Big Tech on IPO success varadabhat

Levi Strauss on April 9 reported net profit attributable to the company of $147 million in the three months ended Feb. 24, or 37 cents a share, compared with a loss of $19 million in the same period a year earlier. Sales rose 7 percent to $1.4 billion.

The company’s shares were up more than 5 percent at $23.01 in afternoon trading on April 10, some 35 percent above the price of its initial public offering.

 

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Reuters varadabhat

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