Net revenues grew by 7% to $1.44 billion, half of which was
contributed by the Americas.
Look out for any management discussions relating to capital deployment or opening of new stores. During the last quarter, the company had said that it anticipates capital expenditures of about $190 million to $200 million, and nearly 100 new company-operated store openings in fiscal 2019.
LISTEN TO: Levi Strauss & Co Q1 2019 earnings conference call
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After becoming a private company in 1985, the denim company
had returned
to the public market in March this year. The company, which offered its
shares at $17 apiece, has seen its shares rise 28% since then.
Analysts remain quite divided about their opinion on the stock. Three of the six analysts covering LEVI have Buy rating, while the rest three recommend Hold. The stock has a 12-month average price target of $24.67, suggesting upside of 13% from the last close.