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00:02Levi Strauss beat earnings expectations of $0.34 per share, but investors appear disappointed
00:07after its strong second quarter, according to Benzinga. The company reported quarterly
00:10revenue of $1.54 billion, which was passing estimates and rising from $1.44 billion a year
00:15earlier. Levi Strauss' third quarter results showed 7% revenue growth driven by strong direct-to-consumer
00:20and e-commerce sales, which made up 46% of total revenue. CEO Michelle Gass said Levi's shift
00:26toward a DTC first model is fueling financial momentum and that the retailer is well-positioned
00:31for the holiday season. The company raised its full-year guidance for earnings and revenue,
00:35projecting adjusted EPS of $1.27 to $1.32 in revenue of up to $6.59 billion.
00:41For all things money, visit Benzinga.com.
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