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Levi Strauss (LEVI) recently reported Q3 earnings, delivering a beat across both their top and bottom line. Revenue came in at $1.45 billion, up 5% year-on-year (constant currency). Earnings per share came in at $0.31 (adjusted diluted), and topped analyst estimates by ~$0.03.
Source: Axios
The company continues to make efforts in diversifying revenue streams beyond U.S. wholesale and men's bottoms, into faster growing markets such as women's and tops. Additionally, we believe that their direct-to-consumer strategy will play an important role going forward. However, the company's wholesale segment in the America's has