Levi Strauss Sees FY23 Adj. EPS $1.10-$1.20 Vs $1.12 Est.; Reported Net Revenues Are Expected Flat To Up 1% YoY
Portfolio Pulse from Happy Mohamed
Levi Strauss has revised its FY23 adjusted EPS guidance to the lower end of the previously guided $1.10-$1.20 range, compared to the $1.12 estimate. The company also expects its net revenues to be flat or increase by up to 1% YoY.
October 05, 2023 | 8:19 pm
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Levi Strauss has revised its FY23 EPS guidance to the lower end of the previously guided range, which may disappoint investors expecting a higher EPS. The company's net revenues are expected to be flat or increase slightly, indicating a potential lack of significant growth.
The company's revised EPS guidance is at the lower end of the previously guided range, which could negatively impact investor sentiment and potentially lead to a decrease in the stock price. Additionally, the expected flat or slight increase in net revenues suggests a lack of significant growth, which could further dampen investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100