India, April 8 -- Shares of Levi Strauss & Co. (LEVI) gained over 12% on Wednesday morning after reporting strong first-quarter results and an upbeat outlook.
The stock is currently trading at $22.15, up $2.44 or 12.38%, on the NYSE. It opened at $22.65 after closing the previous session at $19.71. The stock has traded between $12.17 and $24.82 over the past 52 weeks.
Levi Strauss reported first-quarter net income of $177.10 million, or $0.45 per share, compared with $140.20 million, or $0.35 per share, last year.
Revenue increased to $1.743 billion from $1.527 billion, reflecting strong brand demand.
The company raised its fiscal 2026 earnings guidance to $1.42 to $1.48 per share, from prior guidance of $1.40 to $1.46.
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