Categories AlphaGraphs, Analysis, LATEST, Retail

What to expect from Levi Strauss earnings in Q2

Leading jeans brand Levi Strauss (NYSE: LEVI) is scheduled to report second quarter 2019 earnings results after the closing bell on Tuesday, July 9. Analysts expect the company to report earnings of 13 cents per share, on revenues of $1.3 billion.

During the last-reported quarter, the San Francisco, California-based firm swung to an adjusted net profit of $151 million, from a loss in the prior-year period. However, this was not because of the operational performance during this year, but due to the accumulation of some one-off charges last year.

Levi Strauss swung to profit in the first quarter of fiscal 2019 from a loss last year

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

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.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

AVGO Earnings: Broadcom Q2 2024 revenue and profit beat estimates

Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Wednesday reported higher second-quarter revenues and adjusted earnings. The results also topped analysts' expectations. Earnings, excluding non-recurring items, came in at $10.96 per

Key takeaways from Oracle’s (ORCL) Q4 2024 earnings report

Oracle Corporation’s (NYSE: ORCL) stock rallied this week after the company announced large cloud infrastructure deals with tech giants Google, OpenAI, and Microsoft. The demand for Oracle's generative AI infrastructure

ZDGE Earnings: Zedge reports higher revenues and adj. profit for Q3 2024

Content distribution platform Zedge, Inc. (NYSE American: ZDGE) has reported higher net income for the third quarter of 2024, on an adjusted basis. The bottom line benefitted from a double-digit

Tags

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