Levi Strauss & Co. (NYSE:LEVI) shares are trading lower following the company’s third-quarter financial results released after Wednesday’s closing bell. Here's a look at the details from the report.
The Details: Levi Strauss reported quarterly earnings of 33 cents per share, which beat the analyst consensus estimate of 31 cents. Quarterly revenue came in at $1.516 billion, which missed the analyst consensus estimate of $1.55 billion.
DTC (Direct-to-Consumer) net revenues increased 10% on a reported basis and 12% on a constant-currency basis. DTC growth reflected a 12% increase in the U.S. and a 9% increase in Europe.
Wholesale net ...
