Why Levis Strauss Stock Dropped Today [Yahoo! Finance]
Levi Strauss & Co Class A (LEVI)
Last levi strauss & co class a earnings: 4/7 04:15 pm
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Source: Yahoo! Finance
ET this morning after the company reported mixed earnings last night. Analysts expected the company to earn $0.31 per share, adjusted for one-time items, and Levi beat that guess, reporting an adjusted profit of $0.33 per share in the fiscal third quarter, ended Aug. 25. However, the Street also wanted to see $1.55 billion in quarterly sales, and the most Levi could muster was $1.52 billion. Levi Strauss' Q3 earnings In fact, the company failed to grow its revenue at all in Q3 (although in " constant currency " management says sales should have grown 2%). The good news is the company did improve its gross profit margin by 440 basis points to 60%. The bad news is that despite this gross profit margin expansion , Levi's actual earnings as calculated according to generally accepted accounting principles (GAAP) were a mere $0.05 per share -- much less than its $0.33 adjusted profit. Despite flat sales and weak profits, CEO Michelle Gass insisted "the underlying fundamentals of o
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LEVI
Earnings
- 10/2/24 - Beat
LEVI
Sec Filings
- 12/16/24 - Form 4
- 12/5/24 - Form 4
- 12/3/24 - Form 4
- LEVI's page on the SEC website