Approximately two weeks after becoming a public-listed company for the second time history, denim firm Levi Strauss (NYSE: LEVI) is coming up with its first quarter 2019 earnings results on April 9, Tuesday, before the regular trading hours.
The company, which had offered its shares at $17 apiece at the IPO on March 21, saw its shares close higher at $22.41 at the end of the first day. The stock is currently trading at $21.78, over 28% higher than the IPO price.
In fiscal 2018, the San Francisco-based firm’s revenue increased 14% year-over-year to $5.6 billion on a reported basis. Net income for the year was flat at $285 million.
When Levi Strauss reported its fourth quarter and full-year 2018 results in early February, CEO Chip Bergh had said: “It’s clear our strategies to diversify our product portfolio, expand our direct-to-consumer business, and deepen our connection with consumers worldwide have worked, resulting in both higher annual revenues and gross margins.”
When the company reports its first-quarter results on Tuesday, investors will be looking at year-over-year growth in revenue and net income. During the year-ago quarter (Q1 2018), Levi Strauss had reported a 22% increase in net revenue to $1.34 billion. Adjusted net income almost doubled to $117 million.
READ: LYFT AND SIX OTHER COMPANIES WENT PUBLIC IN MARCH. FULL LIST
Investors will be looking forward to the earnings conference call where the management is expected to give a blueprint of how it plans to use the IPO proceeds. At the time of the IPO filing, The company had said proceeds would be used for general corporate purposes, including working capital, operating expenses and capital expenditures.
It also indicated that it may use a portion of net proceeds for acquisitions or other strategic investments.
Listen to on-demand earnings calls and hear how management responds to analysts’ questions
Most Popular
Key highlights from Deere & Co.’s (DE) Q4 2024 earnings results
Deere & Company (NYSE: DE) reported its fourth quarter 2024 earnings results today. Worldwide net sales and revenues decreased 28% year-over-year to $11.14 billion. Net income was $1.24 billion, or
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
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
Comments