Categories AlphaGraphs, Consumer, Earnings
Levi Strauss (LEVI) reports Q1 earnings. Here’s everything you need to know
Levi Strauss & Co. (NYSE: LEVI) announced results for the first quarter of 2024, reporting a decrease in revenues and lower adjusted profit.
The apparel company reported a net loss of $10.6 million or $0.03 per share for the first quarter, compared to a profit of $114.7 million or $0.29 per share in the prior year period. On an adjusted basis, it was earnings of $0.26 per share in Q1, compared to $0.34 per share in the corresponding period of 2023.
The company posted net revenues of $1.56 billion for the February quarter, down 8% from $1.69 billion reported in the prior-year quarter. Meanwhile, direct-to-consumer net revenue increased 7%.
“The momentum in our global DTC business continues, with DTC up in all segments. Our efforts to stabilize our wholesale business are delivering results. We are on our way to transforming this company into a best-in-class DTC first apparel retailer, setting the stage for our next phase of sustainable profitable growth,” said Levi’s CEO Michelle Gass.
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
AVGO Earnings: Broadcom reports higher Q4 FY25 revenue, profit; results beat
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. The numbers also surpassed analysts' expectations. Adjusted
Lamb Weston (LW) is set to report Q2 2026 earnings next week, here’s what to look for
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) rose over 1% on Thursday. The stock has gained 4% over the past three months. The French fry giant is slated to
