Levi Strauss Rides High with Direct-to-Consumer Sales Surge

Levi Strauss stock soared 17.5% after beating first-quarter earnings estimates and raising its yearly guidance, despite an 8% revenue decline due to one-time events. The company's shift to direct-to-consumer sales boosted gross margin and reduced inventories, while adjusted earnings per share exceeded expectations. Levi Strauss maintained its revenue guidance for the year and raised its adjusted EPS forecast, signaling a successful turnaround strategy amidst industry struggles. However, investors are advised to temper their expectations given the stock's significant gains.