earnings
confidence high
sentiment positive
materiality 0.75
Levi Strauss Q2 revenue up 8% to $1.44B; adj. EPS $0.16 beats; dividend raised
LEVI STRAUSS & CO
2024-Q2 EPS reported
$0.02
revenue$2,998,800,000
- Revenue $1.44B, +8% reported (+9% CC); Americas +17% on DTC strength.
- Record gross margin 60.5% (+180 bps); adj. diluted EPS $0.16 vs $0.04 YoY.
- Global DTC revenue +8% (+11% CC), e-commerce +19%; DTC 47% of total revenue.
- Quarterly dividend raised for first time in six quarters; FY guidance reaffirmed (rev. +1-3%, adj. EPS $1.17-$1.27).
- GAAP diluted EPS $0.04 vs $(0.00) YoY; restructuring charges of $55M from Project Fuel.