Levi Strauss & Co. - Ordinary Shares Cls A

NYSE:LEVI  
27.53
+0.15 (+0.55%)
4:00:00 PM EDT: $27.48 -0.05 (-0.18%)
Positive Earnings Pre-Announcement

Levi Strauss & Co Sees Full-Year Adjusted Diluted EPS Outlook $1.29 To $1.33

Published: 07/08/2021 20:36 GMT
Levi Strauss & Co. - Ordinary Shares Cls A (LEVI) - Company Raises Fiscal Year 2021 Outlook for Both Net Revenues and Eps.
Qtrly Reported Net Revenues of $1.3 Billion Were Up 156% Versus Second Quarter of Fiscal 2020.
Qtrly Gross Margin of 58.8% and Adjusted Gross Margin of 58.2%.
Qtrly Diluted EPS Was 16 Cents; Adjusted Diluted EPS Was 23 Cents.
Qtrly Net Revenues Through All Digital Channels Grew 75% Versus Second Quarter of Fiscal 2020.
Q3 Net Revenues Now Expected Above Fiscal 2019 Levels.
Approximately a Third of the Full Store Footprint in Europe and 17 Percent of Doors Globally Were Closed During the Quarter.
Currently 92 Percent of Doors Are Open.
Sees Full-year Adjusted Diluted EPS Outlook $1.29-to-$1.33.
Revenues in Most Markets Are Recovering Faster Than Anticipated.
Qtrly Americas Net Revenues $715 Million Versus $283 Million.
Q2 Earnings per Share View $0.09, Revenue View $1.21 Billion -- Refinitiv Ibes Data (analyst estimates).
Dividend Increases From $0.06 to $0.08 per Share for Q3.
FY2021 Earnings per Share View $1.15 -- Refinitiv Ibes Data (analyst estimates).
Revenue is expected to be $1.45 Billion
Adjusted EPS is expected to be $0.38

Next Quarter Revenue Guidance is expected to be $1.73 Billion
Next Quarter EPS Guidance is expected to be $0.39

More details on our Analysts Page.