earnings
confidence high
sentiment positive
materiality 0.80
Levi Strauss Q2 revenue $1.47B (+15% YoY); adjusted EPS $0.29 (+26%); raises dividend 20%; reaffirms FY guidance
LEVI STRAUSS & CO
2022-Q2 EPS reported
$0.61
revenue$3,062,711,000
- Revenue $1.47B (+15% YoY); DTC +16%, wholesale +15%; digital ~20% of total.
- Adjusted diluted EPS $0.29 (+26% YoY); adjusted EBIT $145M (+27%).
- Russia-Ukraine charges of $60M led to reported net income drop to $50M from $65M.
- Quarterly dividend raised by 20%; annual revenue and EPS guidance reaffirmed.
- Gross margin 58.1% (adjusted 58.2% flat YoY) as higher costs offset price/DTC mix.