Levi Strauss & Co. Sees FY24 EPS $1.17-$1.27 Vs $1.27 Est.; Sees Revenues Up 1%-3% YoY Vs $6.35B Est.
Portfolio Pulse from Benzinga Newsdesk
Levi Strauss & Co. has provided its fiscal 2024 guidance, expecting adjusted diluted EPS between $1.17 and $1.27, slightly below the $1.27 estimate. Revenues are projected to increase by 1%-3% year-over-year, compared to the $6.35 billion estimate. The guidance includes impacts from a new distribution strategy, increased marketing spend, and FX headwinds.
June 26, 2024 | 8:11 pm
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Levi Strauss & Co. has issued its fiscal 2024 guidance, projecting adjusted diluted EPS between $1.17 and $1.27, slightly below the $1.27 estimate. Revenues are expected to grow by 1%-3% year-over-year, compared to the $6.35 billion estimate. The guidance includes a 5-cent adverse impact to EPS due to a new distribution strategy, increased marketing spend, and FX headwinds.
The guidance provided by Levi Strauss & Co. indicates a slight miss on EPS expectations but aligns with revenue growth estimates. The adverse impacts from the new distribution strategy, increased marketing spend, and FX headwinds are already factored into the guidance. This news is moderately important for investors as it provides clarity on the company's financial outlook.
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