(Reuters) – Levi Strauss & Co beat market estimates for quarterly revenue on Wednesday, as the denim maker benefited from strong demand for its jeans, tops and jackets with more people stepping out of their homes following widespread vaccinations.
Net revenue rose to $1.69 billion in the fourth quarter ended Nov. 28 from $1.39 billion a year earlier, edging past analysts’ estimate of $1.68 billion, according to Refinitiv IBES data.
(Reporting by Deborah Sophia in Bengaluru; Editing by Vinay Dwivedi)