Levi Strauss Raises Its Dividend and Targets a Full Rebound

Levi Strauss Raises Its Dividend and Targets a Full Rebound

Investors had some high expectations heading into Levi Strauss' (NYSE: LEVI) first-quarter earnings report. Levi Strauss also raised its short-term outlook while warning that COVID-19 will impact the wider fiscal year's results. Sales fell 13%, less than expected, and profitability improved thanks to robust pricing and promotions trends.