Overview

• Levi Strauss reported Q2 net income of $18 million, a significant improvement from a $2 million loss the previous year.
• Adjusted earnings per share were 16 cents, surpassing the 11 cents anticipated by analysts.
• Revenue reached $1.44 billion, slightly below the $1.45 billion expected by Wall Street.
• Direct-to-consumer sales increased by 8%, with online sales growing 19%.
• Despite strong earnings, Levi's shares dropped 12% due to revenue shortfall and conservative full-year guidance.