Levi Earnings Crush Expectations: 6 Key Metrics You Should See
Levi Strauss (NYSE: LEVI) reported better-than-expected results for its second quarter of fiscal 2021 (which ended on May 30) after the market close on Thursday.
Shares of the denim and casual clothing retailer immediately rose 5% in Thursday's after-hours trading, but gave back some of that gain by the session's end, closing up 1.4%.
Levi stock (which went public in March 2019) has been on a tear since last fall, when it first appeared the end of the COVID-19 pandemic may be within reach. Investors have been optimistic that consumers would begin opening their wallets en masse to buy apparel as the broad economy reopened.
Source Fool.com
