FMP

FMP

Enter

Levi Strauss (NYSE:LEVI) reported a slight miss in its Q2 revenue, resulting in a more than 16% drop in the company's shares intra-day today. Despite the revenu

Levi Strauss Shares Tumble Over 16% on Revenue Miss Despite Earnings Beat and Dividend Increase

-

twitterlinkedinfacebook
blog post cover photo

Image credit: FMP

Levi Strauss (NYSE:LEVI) reported a slight miss in its Q2 revenue, resulting in a more than 16% drop in the company's shares intra-day today.

Despite the revenue shortfall, Levi Strauss exceeded earnings expectations and announced an 8% increase in its dividend to 13 cents per share.

For the quarter, the company posted an EPS of 16 cents, surpassing the expected 11 cents. However, revenue came in at $1.44 billion, slightly below the anticipated $1.45 billion. Year-over-year sales increased by approximately 8%. This growth is partially attributed to a shift in wholesale shipments from Q2 to Q1 in the previous year, providing an easier comparison.

Levi's CFO, Harmit Singh, attributed the revenue miss to unfavorable foreign exchange conditions and sluggish sales at Docker’s, the company's khaki and chinos brand.

The company reiterated its full-year guidance, which is in line with Street estimates. The company continues to project full-year EPS between $1.17 and $1.27.

Other Blogs

Nov 25, 2023 6:39 AM - Parth Sanghvi

DCF Valuation vs. Comparable Companies Analysis: Choosing the Right Valuation Method

Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...

blog post title

Dec 23, 2023 2:19 AM - Parth Sanghvi

Understanding the Limitations of DCF Analysis: A Guide to Overcoming Challenges

Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...

blog post title

Dec 25, 2023 2:28 AM - Parth Sanghvi

Integrating Sustainability into Valuations: Navigating ESG Factors within the Discounted Cash Flow (DCF) Model

Introduction: The investment landscape is undergoing a profound shift with a heightened emphasis on sustainability and responsible investing. In this blog post, we explore the intersection of Environmental, Social, and Governance (ESG) considerations within the Discounted Cash Flow (DCF) model, h...

blog post title
FMP

FMP

Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
twitterlinkedinfacebookinstagram
2017-2024 © Financial Modeling Prep