Levi Strauss Shares Gain After Q2 Results Beat Expectations, Raised Dividend

Levi Strauss & Co.  (NYSE: LEVI ) reported second-quarter FY22 revenue growth of 15% year-over-year to $1.5 billion , +22% on a constant-currency basis, beating the consensus of $1.43 billion. Global DTC net revenues +16% Y/Y, reflecting a 23% increase in company-operated stores. Wholesale net revenues +15% Y/Y, and global digital net revenues grew ~20% Y/Y. Adjusted EPS was $0.29 (+26.1% Y/Y), beating the consensus of $0.23. The adjusted gross margin was 58.2%, flat compared to 2Q21. The ... Full story available on Benzinga.com