Levi's Q3 Earnings: 3 Big Takeaways

Investors had some concerns heading into the third-quarter earnings report by Levi Strauss (NYSE: LEVI). Peers in the apparel industry have been complaining all summer about inflation and supply chain challenges, after all. And the jeans specialist faced new consumer traffic restrictions over the summer due to resurging COVID-19 cases.

Yet the apparel chain calmed those fears in its announcement this week. Not only did Levi beat growth expectations, but it was also able to boost profitability by raising prices.

Let's dive right in and take a closer look at three takeaways from the report.

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Source Fool.com