Levi Strauss Raises Its Dividend and Targets a Full Rebound
Investors had some high expectations heading into Levi Strauss' (NYSE: LEVI) first-quarter earnings report. While the denim apparel specialist is still navigating pandemic pressures on its business, the stock surged in recent months on hopes of a looming rebound.
The company on Thursday added to that bright outlook by beating its first-quarter targets. Levi Strauss also raised its short-term outlook while warning that COVID-19 will impact the wider fiscal year's results.
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