Levi Sees FY24 Adj. EPS $1.15-$1.25 vs $1.33 Est., Reported Net Revenue Growth 1-3% YoY
Portfolio Pulse from Benzinga Newsdesk
Levi Strauss & Co. forecasts its adjusted earnings per share (EPS) for fiscal year 2024 to be between $1.15 and $1.25, which is below the estimated $1.33. The company also expects reported net revenue growth of 1-3% year-over-year.
January 25, 2024 | 9:10 pm
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Levi Strauss & Co. anticipates a lower adjusted EPS for FY24 at $1.15-$1.25 compared to the expected $1.33, with modest revenue growth of 1-3% YoY.
The projected adjusted EPS for Levi Strauss & Co. is below the analysts' estimates, which could lead to negative investor sentiment and a potential decrease in stock price in the short term. The modest revenue growth projection further supports a cautious outlook.
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IMPORTANCE 90
RELEVANCE 100