HomeLifestyleRetailLevi Strauss (LEVI) Struggles Despite Beating Earnings

Levi Strauss (LEVI) Struggles Despite Beating Earnings

Levi Strauss (LEVI) earnings were released yesterday, July 6th. Its adjusted EPS came in at $0.04 versus an estimated $0.03 and revenue came in at $1.34B versus an estimated $1.33B. George Tsilis joins Alex Coffey and Jenny Horne to discuss LEVI. He talks about how LEVI beat earnings estimates, but compared to last year earnings are lower. He suggests that this could have to do with inventory overhang. LEVI lowers FY23 adjusted EPS guidance $1.10-$1.20 versus an estimated $1.29. LEVI's net revenues expected to grow between 1.5%-2.5% year-over-year. Tune in to find out more about the stock market today.

Next Gen Investing

07 Jul 2023

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