Levi Strauss revealed on Thursday that its revenue in the second fiscal quarter increased by 15% on a yearly basis, reaching $1.5 billion. The company's net income sank by 23% to $50 million year-on-year, while adjusted diluted earnings per share stood at $0.29, up from $0.23 in Q2 2021.
On the other hand, the company's dividends for the same period were $40 million, representing a dividend of $0.10 per share, 64% more than the previous year.
"Our second-quarter results demonstrate the power of our strategy, which continues to support strong revenue growth and margin expansion," said Chip Bergh, president and chief executive officer of Levi Strauss & Co. "Our brands are resonating with consumers across geographies, channels, and product categories."
At 4:20 pm ET, shares of Levi Strauss jumped 4.57% in after-hours trading to sell for $17.30.