Levi Strauss Stock Sinks Late As Q2 Earnings Miss Badly [Investor's Business Daily]
V.F. Corporation (VFC)
Last v.f. corporation earnings: 1/23 06:55 am
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Source: Investors Business Daily
Related news Levi Strauss ( LEVI ) fell far short of Q2 earnings views late Tuesday in its second report since the company's IPO in March. Estimates: Wall Street expects Levi earnings of 14 cents per share, according to Zacks Investment Research. Revenue is projected to come in at $1.31 billion. Results: EPS of 7 cents was down 63% from a year ago, while revenue rose 5% to $1.31 billion. Although Levi's IPO occurred in Q1, the company blamed most of its profit drop to IPO-related costs. Direct-to-consumer revenue grew 9%, primarily due to expansion of the retail network and e-commerce growth. Outlook : Management now sees fiscal-year, constant-currency net revenue growth at the high end of its prior mid-single digit growth outlook. The company backed its full-year capital expenditure forecast of $190 million-$200 million and nearly 100 new company-operated store openings. "Our second quarter and first half results reflect the continued strength of our diversified business model as
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VFC
Earnings
- 2/6/24 - Miss
VFC
Sec Filings
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- VFC's page on the SEC website