Levi Strauss (NYSE:LEVI) reported its Q1 earnings results on Wednesday, April 6, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Levi Strauss beat estimated earnings by 9.52%, reporting an EPS of $0.46 versus an estimate of $0.42.
Revenue was up $286.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01 which was followed by a 8.37% increase in the share price the next day.
Here's a look at Levi Strauss's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.40 | 0.37 | 0.09 | 0.25 |
| EPS Actual | 0.41 | 0.48 | 0.23 | 0.34 |
| Revenue Estimate | 1.68B | 1.48B | 1.21B | 1.25B |
| Revenue Actual | 1.69B | 1.50B | 1.28B | 1.31B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Levi Strauss management provided guidance for FY 2022, expecting earnings between $1.5 and $1.56 per share.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
