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What to Watch After Levi's Earnings Report

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Levi Strauss (LEVI) - Get Levi Strauss & Co Class A Report , in its first earnings report as a public company, posted quarterly earnings of 37 cents a share on revenue of $1.44 billion.

A year earlier, the jeans company reported a loss of 5 cents a share on revenue $1.34 billion. The period included a $136 million charge from the U.S. tax overhaul.

Levi Strauss was a public company from 1971 until 1985, when it was taken private. It went public again in March at an offering price of $17 a share and closed on Tuesday at $21.88.

"We delivered our sixth consecutive quarter of double-digit constant-currency revenue growth," said Chip Bergh, president and CEO. "Growth was broad-based across all three regions and all channels, demonstrating that our strategies are working and our investments are paying off."

The company reported gross margins of 54.6% in its fiscal first quarter while operating income rose 15% year over year to $201 million.

For the year, the company said it expects revenue growth in the mid-single digit percentage.

Related. Levi Strauss Leaps as Growth Story Gains Traction

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