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Levi Strauss beats quarterly revenue estimates By Reuters

by Mike Robinson

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© Reuters. FILE PHOTO – A Levi’s logo can be seen on a shirt at a Levi Strauss shop in New York (U.S.A), March 19, 2019. REUTERS/Shannon Stapleton/File Photo

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(Reuters) – Levi Strauss & Co (NYSE:) Wednesday’s quarterly revenue beat estimates by the company. This was due to an increase in jeans demand as more people are returning to their social lives and spending on wardrobe updates.

The third quarter’s net revenue increased to $1.50 billion from $1.06 million a year ago. Refinitiv data shows that analysts expected an average of $1.48 Billion in revenue.

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