Levi Strauss & Co. Reports Fourth-Quarter and Full Year 2019 Earnings
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Levi (LEVI) Tops Q4 EPS by 5c, Revenues Beat; Offers FY20 EPS Guidance Above Consensus
January 30, 2020 4:19 PM ESTLevi (NYSE: LEVI) reported Q4 EPS of $0.26, $0.05 better than the analyst estimate of $0.21. Revenue for the quarter came in at $1.57 billion versus the consensus estimate of $1.58 billion.
Fourth-Quarter 2019 Highlights
Net revenues of $1,569 million declined 2 percent on a reported basis and were nearly flat in constant-currency. The lack of Black Friday benefit, combined with the impact from the acquisition of a South American distributor, adversely impacted the year-over-year net revenue growth comparison by about 3 percentage points on both a reported and constant-currency basisGross margin increased 110 basis points on reported basis... More