The momentum both in stores and online boosted its fiscal second-quarter earnings and revenue ahead of analysts’ expectations. Although sales were still down 3% from 2019, the retailer anticipates fiscal third-quarter sales are on track to top pre-pandemic levels. That was something Levi previously didn’t expect to achieve until the fourth quarter.
Levi’s stock jumped around 3% in extended trading on the news.
While Levi raised its revenue and profit outlook for the rest of the year, the company cautioned it assumes the…