Jim Cramer Notes Levi Strauss “Stock Went Flying Right”

Levi Strauss & Co. (NYSE:LEVI) is one of the stocks Jim Cramer shared his thoughts on. Cramer discussed the company in light of its recent earnings report. He said:

“Heaven knows there’s been a lot of hand-wringing about the state of consumer lately, but maybe we should be a tad less worried. After the close… Levi Strauss & Company, the denim kingpin, reported a phenomenal quarter with 9% organic sales growth, trouncing the estimates. The European business is on fire, direct to direct-to-consumer strong, margins expanded substantially. Put it all together, and the company delivered a 9-cent earnings beat off a 13-cent basis. Not bad. Even better, management raised their full-year forecast even with the impact of the tariffs. No wonder the stock went flying right when the earnings were released. Pretty impressive given that this thing was already up 62% from its April lows.”

Jim Cramer Notes Levi Strauss "Stock Went Flying Right"

A stylishly dressed man wearing jeans and a jacket from the company, smiling confidently.

Levi Strauss (NYSE:LEVI) designs and sells apparel, footwear, and accessories under multiple brands, and distributes its products through third-party retailers, e-commerce platforms, and company-operated stores.

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Disclosure: None. This article is originally published at Insider Monkey.