Levi (LEVI, $19.10) beats fiscal Q1 earnings...

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Abhoy Sarkar

published in Blogs

Apr 08, 2022

Levi (LEVI, $19.10) beats fiscal Q1 earnings expectations

Levi reported its fiscal first quarter earnings that surpassed analysts’ expectations.

For the three-month period ended Feb. 27, the denim jeans maker’s adjusted earnings came in at 46 cents per share, well above 42 cents expected by analysts polled by Refinitiv.

Revenue of $1.59 billion also exceeded the $1.55 billion expected.

On a year-over-year basis, the company’s sales rose +26% in the Americas, +13% in Europe, and +11% in Asia

For fiscal 2022, Levi reaffirmed its forecast on revenue to grow between 11% and 13% year over year, vs. analysts’ expectation of +11.8%.

The company maintained its earnings projection range between $1.50 and $1.56 per share, compared with analysts’ outlook of $1.54.

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Abhoy Sarkar

published in Blogs

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