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Operator: Good day, ladies and gentlemen, and welcome to the Levi Strauss & Company's First Quarter Fiscal 2024 Earnings Conference Call for the period ending February 23, 2023.
Levi Strauss & Co shares surge in premarket trading as the company declares dividend, beats Q1 earnings estimates, and raises FY24 guidance.
Shares of Levi Strauss surged after the company said its profits will be higher than expected in fiscal 2024 thanks to cost cuts, layoffs and fewer promotions.
Shares of Levi Strauss surged after the company said its profits will be higher than expected in fiscal 2024 thanks to cost cuts, layoffs and fewer promotions.
Q1 Earnings Results Above Expectations Gross Margin of 58.2% Up 240 BPS Over Prior Year Driven by Lower Product Costs & Favorable Mix Shift Global DTC Up 7% Including 10% Growth in the U.S. Diluted...