Levi Strauss & Co. - Ordinary Shares Cls A

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Other Pre-Announcement

Levi Strauss Qtrly SHR $0.07

Published: 10/06/2020 22:13 GMT
Levi Strauss & Co (LEVI) - Levi Strauss - Qtrly Earnings per Share $0.07; Qtrly Adjusted Earnings per Share $0.08.
Levi Strauss - Qtrly Net Revenue $1.06 Billion, Down About 27%.
Levi Strauss - Qtrly Gross Margin Was 54.3% of Net Revenue, Up From 53%.
Levi Strauss - in the Americas, Qtrly Net Revenue Fell 29%; in Asia, Qtrly Net Revenue Fell 42%.
Levi Strauss - Qtrly Adjusted Gross Margin Increased 60 Basis Points to 53.6%.
Levi Strauss - Q3 Adjusted.
Gross Margin Rose Primarily Due to Price Increases, Higher Proportion of Sales in Higher-margin Direct-to-consumer Channel.
Levi Strauss - Expects Business Will Continue to Be Significantly Adversely Impacted for at Least Balance of 2020.
Live Strauss - There Remains Possibility of Additional Covid-19 Related Inventory and Other Charges for Balance of 2020.
Levi Strauss - Qtrly E-commerce Revenue Growth of 52% Partially Offset Net Revenue Decline and Global Digital Revenue Grew About 50%.
Levi Strauss - Cash Flow Trends Continue to Improve; Generated Positive Net Cash Flows From Operations & Adjusted.
Free Cash Flows in Quarter.
Q3 Earnings per Share View $-0.22, Revenue View $822.2 Million -- Refinitiv Ibes Data (analyst estimates).
Levi Strauss - Substantial Majority of Third-party Retail Locations Have Reopened Globally As Well As Company-operated Doors and Franchisee Doors.
Levi Strauss - Global Digital Business Comprised About 24% of Q3 Revenue, Double What It Was a Year Prior.