Levi's Versus Lululemon: What's More Popular?

Credit: The Street
Published on April 10, 2019 - Duration: 00:37s

Levi's Versus Lululemon: What's More Popular?

The death of denim isn't upon us--yet.

Or, at least, that's what some investors can take away from Real Money's Stock of the Day, Levi's , earnings beat.

In its first earnings report since it IPO'd, Levi's 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.

Real Money's Kevin Curran talked about the concerns that the jeans market may have to give way to athleisure giants such as Lululemon .

Related.

Levi Strauss Leverages Women's Fashion for Growth

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