Levi Strauss hikes dividend as Q2 earnings exceed expectations


A sign is posted in front of the Levi Strauss & Co. headquarters on April 09, 2021 in San Francisco, California.

Justin Sullivan | Getty Images News | Getty Images

Levi Strauss on Thursday reported quarterly revenue and earnings that came in above Wall Street expectations, as the clothing company known for its denim said it benefitted from Americans opting for more relaxed dress codes.

The San Francisco company increased its quarterly dividend and stood by its guidance for the year. Its shares were up about 4% at $17.08 in after-hours trading.

Here’s how Levi performed for the quarter ending May 29 compared to Wall Street estimates based on a survey of analysists by Refinitiv.

  • Revenue: $1.47…

Source cnbc.com

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