FMP
Jun 27, 2024 4:42 PM - Davit Kirakosyan
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.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 16, 2024 8:06 PM - Gordon Thompson
On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...