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Levi Strauss & Co Reports Better-Than-Expected Q1 Results, Raises FY24 Guidance

The company reported quarterly earnings of 26 cents per share which beat the analyst consensus estimate of 21 cents by 23.81%. Quarterly sales came in at $1.558 billion which beat the analyst consensus estimate of $1.547 billion and is a 7.76% decrease over sales of $1.689 billion the same period last year. Levi Strauss reported total inventories decreased 14% on a dollar basis as of Feb. 25, and direct-to-consumer net revenues increased 7% on a reported basis.

LEVI

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BM Technologies Anticipates Revenue Growth In 2024 Driven By Investments In The Higher Education Vertical And The Full Year Effect Of Durbin-Exempt Interchange Rates On The Majority Of Serviced Deposit Account Holder’s Debit Card Spend

Growth Initiatives and OutlookThe Company anticipates revenue growth in 2024 driven by investments in the Higher Education vertical and the full year effect of Durbin-exempt interchange rates on the majority of serviced

BMTX

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What’s Going On With Signet Jewelers Stock Today?

Signet Jewelers Ltd (NYSE:SIG) and Leonard Green & Partners, L.P. announce a significant strategic move, amending Series A Convertible Preference Shares to net share settlement and repurchasing half of the Preferred Shares. CEO Virginia C. Drosos emphasizes the company's robust performance, marked by double-digit revenue growth, enhanced gross margins, and a substantial increase in non-GAAP diluted earnings per share, along with significant returns to shareholders.

SIG