Levi Strauss Q2 Adj $0.16 Beats $0.11 Estimate, Sales $1.44B Miss $1.45B Estimate
Portfolio Pulse from Benzinga Newsdesk
Levi Strauss (NYSE:LEVI) reported Q2 earnings of $0.16 per share, beating the analyst estimate of $0.11. However, sales of $1.44 billion missed the $1.45 billion estimate. Earnings increased by 300% year-over-year, while sales grew by 7.79%.
June 26, 2024 | 8:10 pm
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Levi Strauss reported Q2 earnings of $0.16 per share, beating the $0.11 estimate, but sales of $1.44 billion missed the $1.45 billion estimate. Earnings increased by 300% year-over-year, while sales grew by 7.79%.
The significant beat on earnings per share (EPS) is likely to have a positive impact on the stock price in the short term, despite the slight miss on sales. The strong year-over-year growth in both earnings and sales further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100