Levi Strauss raises guidance and dividend after Q2 earnings and revenue beat

According to CNBC, Levi Strauss beat Wall Street estimates in its second fiscal quarter and raised its full-year outlook and dividend. The company now expects full-year adjusted earnings per share of $1.46 to $1.52, up from $1.42 to $1.48, and forecasts sales growth of 7% to 7.5%, up from 5.5% to 6.5%. Levi reported adjusted earnings of 28 cents per share on revenue of $1.56 billion, versus LSEG estimates of 24 cents and $1.52 billion. Net income for the quarter ended May 31 rose to $87.3 million, or 22 cents per share, from $67 million, or 17 cents per share, a year earlier, while sales increased about 8% from $1.45 billion.