Levi Strauss (LEVI) Beats Earnings, Raises Guidance, Increases Dividend

Levi Strauss (LEVI) reported adjusted earnings per share of 28 cents, surpassing the expected 24 cents. The company raised its full-year earnings guidance to between $1.46 and $1.52, up from $1.42 to $1.48, and increased its revenue outlook to a growth of 7% to 7.5%. Actual revenue reached $1.56 billion, exceeding expectations of $1.52 billion, marking an 8% increase year-over-year. Despite beating estimates, Levi's shares fell over 5% in after-hours trading, indicating mixed market sentiment following the announcement.