Categories AlphaGraphs, Consumer, Earnings
LEVI Earnings: Highlights of Levi Strauss’ Q1 2023 results
Apparel company Levi Strauss & Co. (NYSE: LEVI) reported a decline in net profit for the first quarter of 2023, despite an increase in revenues.
Adjusted net income decreased to $0.34 per share in the February quarter from $0.46 per share in the year-ago period. First-quarter unadjusted profit declined to $114.7 million or $0.29 per share from $195.8 million or $0.48 per share in the corresponding period of 2022.
The company reported net revenues of $1.69 billion, which is up 6% year-over-year. Global direct-to-consumer net revenues rose 12% year-over-year, which accounts for 42% of total revenues.
“Our first quarter results reflect the strength of our brands and the progress we are making against our strategic priorities. We delivered strong growth in our international business and record-breaking revenue performance in our direct-to-consumer channel,” said Levi’s CEO Chip Bergh.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Signet Jewelers (SIG) Q4 2025 Earnings fall on lower sales
Signet Jewelers Limited (NYSE: SIG) on Wednesday reported a decrease in adjusted earnings and net sales for the fourth quarter of 2025. Fourth-quarter sales declined 6% to $2.35 billion from
Paychex (PAYX) gears up for Q3 earnings with focus on business expansion
Paychex Inc. (NASDAQ: PAYX), a leading provider of human resources and payroll services, is expanding its artificial intelligence capabilities to stay relevant in the evolving HR landscape, while also increasing
What to look for when KB Home (KBH) reports Q1 2025 earnings results
Shares of KB Home (NYSE: KBH) dropped 1% on Tuesday. The stock has dropped 14% over the past three months. The homebuilder is slated to report its first quarter 2025
