Levi Strauss Q1 2024 Adj EPS $0.26 Beats $0.21 Estimate, Sales $1.558B Beat $1.547B Estimate
Portfolio Pulse from Benzinga Newsdesk
Levi Strauss reported Q1 2024 adjusted EPS of $0.26, surpassing the $0.21 estimate, with sales of $1.558B also beating the $1.547B estimate. However, this represents a 7.76% decrease in sales compared to the same period last year.
April 03, 2024 | 8:08 pm
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Levi Strauss beats Q1 2024 EPS and sales estimates but reports a 7.76% decrease in sales year-over-year.
Beating both EPS and sales estimates typically has a positive short-term impact on a company's stock price, as it indicates financial health and operational efficiency. However, the reported decrease in sales year-over-year might temper investor enthusiasm, suggesting a need to analyze the reasons behind this decline. The net effect is likely positive in the short term due to the earnings beat, but investors will be watchful of future sales trends.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100