Levi Strauss swings to profit in its first earnings release since IPO

📆 4/9/2019 5:48 PM
📰 CNBC

⏱ Reading Time:
24 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Jeans always grow in a depression.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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...
Source: MarketWatch - 🏆 3. / 97 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. Private company
Source: BusinessInsider - 🏆 729. / 51 Read more »