//@LohYK:wsssswwwsssswwsswssws

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Levi Strauss Tanks 12% After-Hours, Misses Sales Expectations

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However, this sales boost is measured against an easier comparison due to a shift in wholesale shipments from its fiscal second quarter into its fiscal first quarter in the previous year.Levi's CFO, Harmit Singh, attributed the sales miss to unfavorable foreign exchange conditions and sluggish sales at Docker’s, a khaki and chinos brand.Nearly half of Levi’s sales are now coming from its own","content":"<html><head></head><body><p>Jeans manufacturer Levi Strauss&amp;Co (NYSE:LEVI) reported a slight miss in its fiscal second-quarter revenue, causing the company&#39;s shares to shed 12.4% after-hours.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e55a7839ff5772df250787768895073e\" tg-width=\"835\" tg-height=\"831\"/></p><p>However, the firm exceeded earnings expectations and announced an 8% dividend increase to 13 cents per share, marking the first rise in six quarters.</p><p>The company&#39;s quarterly results showed adjusted earnings per share at 16 cents versus the expected 11 cents, while revenue fell slightly short at $1.44 billion against the anticipated $1.45 billion.</p><p>Sales saw an approximately 8% increase from $1.34 billion a year earlier to $1.44 billion. However, this sales boost is measured against an easier comparison due to a shift in wholesale shipments from its fiscal second quarter into its fiscal first quarter in the previous year.</p><p>Levi&#39;s CFO, Harmit Singh, attributed the sales miss to unfavorable foreign exchange conditions and sluggish sales at Docker’s, a khaki and chinos brand.</p><p>Despite the strong earnings beat, Levi&#39;s only reiterated its full-year guidance, which aligns with estimates. The company continues to project full-year earnings per share to be between $1.17 and $1.27. This includes a 5 cent hit arising from the company&#39;s new distribution and logistics strategy.</p><p>Nearly half of Levi’s sales are now coming from its own website and stores. The company&#39;s direct-to-consumer sales jumped 8% during the quarter, representing 47% of overall sales. Online sales increased by 19%.</p><p>CEO Michelle Gass said in a statement, “Our transformational pivot to operating as a DTC-first company is yielding positive results around the world, giving me great confidence that we will achieve accelerated, profitable growth for the rest of the year and beyond.”</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Levi Strauss Tanks 12% After-Hours, Misses Sales Expectations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLevi Strauss Tanks 12% After-Hours, Misses Sales Expectations\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-27 07:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/levi-strauss-tanks-11-8-163813641.html><strong>Investing.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Jeans manufacturer Levi Strauss&Co (NYSE:LEVI) reported a slight miss in its fiscal second-quarter revenue, causing the company's shares to shed 12.4% after-hours.However, the firm exceeded earnings ...</p>\n\n<a href=\"https://finance.yahoo.com/news/levi-strauss-tanks-11-8-163813641.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/levi-strauss-tanks-11-8-163813641.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2446341860","content_text":"Jeans manufacturer Levi Strauss&Co (NYSE:LEVI) reported a slight miss in its fiscal second-quarter revenue, causing the company's shares to shed 12.4% after-hours.However, the firm exceeded earnings expectations and announced an 8% dividend increase to 13 cents per share, marking the first rise in six quarters.The company's quarterly results showed adjusted earnings per share at 16 cents versus the expected 11 cents, while revenue fell slightly short at $1.44 billion against the anticipated $1.45 billion.Sales saw an approximately 8% increase from $1.34 billion a year earlier to $1.44 billion. However, this sales boost is measured against an easier comparison due to a shift in wholesale shipments from its fiscal second quarter into its fiscal first quarter in the previous year.Levi's CFO, Harmit Singh, attributed the sales miss to unfavorable foreign exchange conditions and sluggish sales at Docker’s, a khaki and chinos brand.Despite the strong earnings beat, Levi's only reiterated its full-year guidance, which aligns with estimates. The company continues to project full-year earnings per share to be between $1.17 and $1.27. This includes a 5 cent hit arising from the company's new distribution and logistics strategy.Nearly half of Levi’s sales are now coming from its own website and stores. The company's direct-to-consumer sales jumped 8% during the quarter, representing 47% of overall sales. Online sales increased by 19%.CEO Michelle Gass said in a statement, “Our transformational pivot to operating as a DTC-first company is yielding positive results around the world, giving me great confidence that we will achieve accelerated, profitable growth for the rest of the year and beyond.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":1,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":848,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/321263804629240"}