Levi's, the major American jeans maker, reported second-quarter net revenue of 1.56 billion dollars, up 8 percent from a year earlier, beating analyst forecasts of 1.52 billion dollars. Adjusted earnings per share came to 28 cents, also topping the estimate of 24 cents. The company raised its full-year net revenue growth outlook to 7.0 to 7.5 percent from the previous 5.5 to 6.5 percent, and lifted its adjusted earnings per share forecast to 1.46 to 1.52 dollars from 1.42 to 1.48 dollars. By region, the Americas grew 9 percent and Asia rose 10 percent, while Europe was up just 4 percent.
Levi Strauss & Co Class ALevi's beat revenue and earnings estimates and raised full-year guidance.