Levi Strauss & Co. - Ordinary Shares Cls A

NYSE:LEVI   3:59:59 PM EDT
+0.43 (+1.67%)
Share Repurchases, Positive Earnings Pre-Announcement

Levi Strauss & Co - QTRLY Diluted EPS Was $0.47

Published: 10/06/2021 20:36 GMT
Levi Strauss & Co. - Ordinary Shares Cls A (LEVI) - Qtrly Diluted EPS Was $0.47.
Qtrly Net Revenues Up 41% Versus Q3 2020 and Up 3% Versus Q3 2019.
Raises Fiscal 2021 Outlook and Authorizes Share Repurchase Program.
Qtrly Reported Net Revenues of $1.5 Billion Up 41% Versus Q3 2020.
Qtrly Adjusted Diluted EPS Was $0.48.
Qtrly Gross Margin Was 57.6% of Net Revenues, Up From 54.3%.
Board of Directors Authorized a $200 Million Share Repurchase Program.
Q3 Earnings per Share View $0.37, Revenue View $1.48 Billion -- Refinitiv Ibes Data (analyst estimates).
Sees Q4 Reported Net Revenues Growth of 20%-to-21%.
Sees Q4 Adjusted Diluted EPS of 38-to-40 Cents.
Qtrly Dtc Net Revenues Increased 34 Percent Due to Increased Revenues From Our Company-operated Stores.
Qtrly Americas Net Revenues $838 Million Versus $550 Million.
Continued to Experience Temporary Door Closures in Q3 Due to Resurgence of Covid-19 Cases and Resultant Lockdowns.
Qtrly Global Digital Net Revenues Grew Approximately 10 Percent.
Approximately 10% of Company-operated Doors Were Closed Globally During Quarter, Primarily in Asia.
Currently, Approximately Four Percent of Company-operated Stores Around the Globe Are Closed.
Approximately 20 Percent of Company-operated and Large Portion of Third-party Retail Locations Were Closed During Quarter.
Q4 Earnings per Share View $0.40 -- Refinitiv Ibes Data (analyst estimates).
Revenue is expected to be $1.68 Billion
Adjusted EPS is expected to be $0.40

Next Quarter Revenue Guidance is expected to be $1.55 Billion
Next Quarter EPS Guidance is expected to be $0.43

More details on our Analysts Page.