Levi Strauss Falls 2% on Q4 Miss & Soft Outlook
Levi Strauss Falls 2% on Q4 Miss & Soft Outlook

Levi Strauss Falls 2% on Q4 Miss & Soft Outlook

Jan. 26, 2024, 10:49 a.m., readers: 18

Levi Strauss' (NYSE:LEVI) shares experienced a drop of about 2% in pre-market today, following the apparel company's disclosure of Q4 revenue that didn't meet expectations and full-year guidance that was below market forecasts. Levi reported a fourth-quarter earnings per share (EPS) of $0.44, which slightly surpassed the consensus estimate of $0.43. However, its revenue for the quarter was $1.6 billion, less than the anticipated $1.66 billion. In terms of business segments, Beyond Yoga showed a positive trend with a 14% increase in revenue. In contrast, the net revenue from the company's other brands segment decreased by 11%. Looking to the future, Levi projects modest growth in its full-year revenue, expecting an increase of 1% to 3%. This projection is less than the 4.7% growth predicted by Wall Street analysts. The company also anticipates its EPS for the year to be between $1.15 and $1.25, below the analyst expectation of $1.33 per share.


About NYSE: LEVI

L evi Strauss & Co. operates as an apparel company. The company designs, markets, and sells jeans, casual and dress pants, activewear, tops, shorts, skirts, dresses, jackets, footwear, and related accessories for men, women, and children in the Americas, Europe, and Asia. It also sells its products under the Levi's, Dockers, Signature by Levi Strauss & Co., and Denizen brands.

Price: 17.93
Market cap: 1.8 billion USD
Eps: 0.62
P/e ratio: 28.92
Terminal Research: LEVI