Levi Strauss stock up after retailer’s Q2 earnings top views, online sales rise

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Levi Strauss & Co. shares rose more than 3% in the extended session Thursday after the retailer reported second-quarter earnings above Wall Street expectations, thanks in part to online sales. Levi Strauss said it earned $50 million, or 12 cents a share, compared with $65 million, or 23 cents a share, in the year-ago quarter. Adjusted for one-time items, the company earned 29 cents a share. The results included charges of around $60 million related to the war in Ukraine. Revenue rose 15% to $1.5 billion, Levi Strauss said, with digital sales up about 20%. FactSet consensus called for earnings of 23 cents a share on sales…

This article was originally published by Marketwatch.com. Read the original article here.

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