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Levi Strauss & Co. (NYSE: LEVI) has introduced monetary outcomes for the second quarter of 2024, reporting a rise in revenues and adjusted revenue.
The attire firm reported adjusted earnings of $0.16 per share for Q2, in comparison with $0.04 per share within the corresponding interval of 2023. On a reported foundation, web revenue was $18 million or $0.04 per share within the Could quarter, in comparison with a lack of $1.6 million or $0.00 per share within the prior 12 months interval.
The corporate generated $1.44 billion in revenues through the second quarter, up 8% from $1.34 billion reported within the prior-year quarter. Direct-to-consumer web income elevated 8%.
“Our transformational pivot to working as a DTC-first firm is yielding optimistic outcomes world wide, giving me nice confidence that we’ll obtain accelerated, worthwhile development for the remainder of the 12 months and past,” mentioned Levi’s CEO Michelle Gass.
Prior Efficiency
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