Levi's reported third-quarter adjusted earnings of 48 cents per share, well ahead of the 36 cents Wall Street analysts expected, and raised its full-year profit outlook. Revenue came in at $1.61 billion, just shy of estimates. Looking ahead, the denim maker now sees full-year adjusted EPS of $1.54 to $1.56, up from its prior range, and is targeting about 6% organic revenue growth for the year. Levi's also said its direct-to-consumer business remains on track for mid single digit growth in the fourth quarter, and announced a $100 million accelerated share repurchase program.
Levi Strauss & Co Class ALevi's beat Q3 EPS estimates (48c vs 36c), raised full-year profit outlook, and announced a $100 million accelerated share repurchase.
