Here are the key financial highlights for Levi Strauss (LEVI):
The company reported a loss of $11 million in the first quarter, a stark contrast to the $115 million in earnings in the same period from the previous year. In terms of EPS, the company saw a negative $0.03 this quarter as compared to $0.29 in the corresponding period last year. However, after considering certain specific items, the adjusted earnings of Levi Strauss came in at $103 million or $0.26 per share for the given period.
Analysts had previously projected the figure to be $0.21 per share. The revenue for the first-quarter stood at $1.56 billion, lower than the $1.69 billion in revenue in the same period of the previous year.
Looking ahead, the company has provided a guidance for full-year EPS ranging between $1.17 and $1.27.
