Levi Strauss Non-GAAP EPS of $0.16 beats by $0.05, revenue of $1.44B misses by $10M (NYSE:LEVI)

Levi Strauss press release (NYSE:LEVI): Q2 Non-GAAP EPS of $0.16 beats by $0.05.
Revenue of $1.44B (+7.5% Y/Y) misses by $10M.
Shares -5.92%.
Reported Revenue Growth of 8%, Up 9% Constant Currency, In-line With Company ExpectationsRecord Gross Margin of 60.5%, Up 180 BPS Over Prior YearGlobal DTC Revenue Up 8%, 11% in CC, Including 12% Growth in the U.S.Diluted EPS of $0.04, Adjusted Diluted EPS of $0.16 Exceeding ExpectationsCompany Reaffirms 1-3% FY Revenue Growth, Adjusted Diluted EPS of $1.17-$1.27 and Raises Quarterly Dividend
Fiscal 2024 Guidance
- Company reaffirms reported net revenues are expected to be up 1% to 3% year-over-year, vs. $6.35B consensus
- Adjusted diluted EPS is expected to be between $1.17 to $1.27, vs. $1.27 consensus, inclusive of a 5-cent adverse impact to EPS attributable to our new distribution and logistics strategy, increased marketing spend in H2, and incremental FX headwinds.

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Symbol	Last Price	% Chg

Symbol	Last Price	% Chg
LEVI	-	-
Levi Strauss & Co.