Shares of Levi Strauss rose 18% after the company announced that its profits will exceed expectations in fiscal 2024 . The increase in profits is attributed to cost-cutting measures, improved efficiencies, and a shift towards online and direct sales .
Levi's also reported its fiscal first quarter earnings, projecting adjusted earnings per share for fiscal 2024 to be between $1.17 and $1.27. The company aims to focus on reducing costs and increasing efficiency to improve its financial performance.
Source: News Formal (newsformal.com)
Levi Strauss Shares Profits Fiscal 2024 Cost-Cutting Efficiencies Online Sales Direct Sales
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