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
NVDA Earnings: Nvidia Q3 profit jumps, beats estimates
NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in adjusted profit and revenue for the third quarter of 2025. Earnings also topped analysts' estimates. The tech firm’s revenues
Autodesk (ADSK) is expected to report higher Q3 revenue and profit
Autodesk, Inc. (NASDAQ: ADSK) is all set to publish third-quarter financial results next week, amid expectations of a year-over-year increase in revenue and profit. The shift to a cloud-based model
Lowe’s Companies (LOW): A few points to note about the Q3 2024 performance
Shares of Lowe’s Companies, Inc. (NYSE: LOW) rose over 1% on Wednesday. The stock has gained 8% over the past three months. The company delivered better-than-expected earnings results for the
