Levi Strauss' Earnings Call: 3 Takeaways
Investors celebrated Levi Strauss' (NYSE: LEVI) latest earnings report for good reasons. The jeans specialist is capitalizing on the demand shift toward casual wear, and earnings are spiking as e-commerce sales expand faster than wholesale volume.
There's plenty more room to grow for the business if you believe what management is saying. CEO Chip Bergh and his team recently explained their reasoning for issuing a brighter outlook for the rest of 2021. In that second-quarter conference call with investors, the management team implied that Levi Strauss isn't just experiencing a typical boom period that will fade once the pandemic recovery is complete, but can reasonably target sustainably stronger growth from here on out.
Let's look at three highlights from that presentation.
Source Fool.com
