earnings
confidence high
sentiment negative
materiality 0.70
Levi Strauss Q3 adjusted EPS $0.40 vs $0.48 YoY; cuts FY2022 outlook on supply chain & FX
LEVI STRAUSS & CO
2022-Q3 EPS reported
$1.03
revenue$4,579,861,000
- Revenue $1.52B (+1% reported, +7% constant-currency); supply chain disruptions caused ~$30-40M missed sales.
- Adjusted diluted EPS $0.40, down from $0.48; includes $0.04 adverse FX impact.
- FY2022 outlook lowered: revenue growth 6.7-7.0% reported, adj. EPS $1.44-$1.49 (includes $0.05 FX impact).
- DTC net revenues +2% (+8% constant-currency); e-commerce +16% constant-currency; digital 21% of total revenue.
- Gross margin 56.9% down 60 bps; adjusted EBIT margin 12.4% down 240 bps YoY.