levi strauss co on thursday raised its halfyear revenue growth forecast banking on covid19 vaccine rollouts to spur a return to normalcy after the denim maker beat quarterly sales estimates on a pandemicled ecommerce boost several apparel retailers including nike inc and kohls corp have also expressed similar optimism even as online sales have boomed in recent months consumers wary of stepping out of their homes during the health crisis have taken to shopping more using their mobile phones as the vaccine rollout continues and consumer excitement returns i am more confident than ever that we will emerge from the pandemic a stronger business levi chief executive officer chip bergh said in a statement advt levi said more than 40 of its european stores were closed as of thursday with the rest operating on reduced hours due to lockdown restrictions the company raised its quarterly dividend to 6 cents per share from 4 cents the jeans maker said it expected its revenue to increase 24 to 25 up from a prior range of 18 to 20 for the first half of its fiscal 2021 levi also said it expected adjusted pershare profit for the period to be 41 cents to 42 cents analysts on average expect a profit of 30 cents per share for the first and second quarter according to ibes data from refinitiv net revenue fell about 13 to 131 billion for the first quarter ended feb 28 but came in above analysts expectations of 125 billion digital revenue which includes sales from levis wholesale partners rose about 41 and more than made up for a drop in physical store visits due to pandemic reuters published on apr 9 2021 at 0217 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etretail app get realtime updates save your favourite articles scan to download app levi strauss digital revenue online sales sales growth outlook nike inc vaccine rollout levi homenewslevi strauss raises sales growth outlook on vaccine rollout hopes