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

Accenture (ACN) likely to extend revenue growth in Q4 2025 despite challenges

Accenture (NYSE: ACN) has consistently delivered quarterly revenue growth across its operating segments this year, pushing both top-line and earnings above analysts' estimates. That momentum is expected to continue when

Darden Restaurants (DRI): A look at the restaurant chain’s performance in Q1 2026

Shares of Darden Restaurants, Inc. (NYSE: DRI) were down over 2% on Friday. The stock has dropped 17% year-to-date. The restaurant operator delivered sales and earnings growth for the first

Intuit (INTU) reaffirms first-quarter and fiscal 2026 financial guidance

Financial technology company Intuit Inc. (NASDAQ: INTU) has published its financial outlook, reaffirming first-quarter and full-year guidance. For the first quarter of fiscal 2026, the company continues to expect revenue

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close