Levi (LEVI) Tops Q2 EPS by 15c, Revenue Beats, Offers H2 Guidance

Levi (NYSE: LEVI) reported Q2 EPS of $0.23, $0.15 better than the analyst estimate of $0.08. Revenue for the quarter came in at $1.28 billion versus the consensus estimate of $1.21 billion.

Guidance:
The company's expectations for the second half of fiscal 2021 are now higher than 2019. Details are as follows:
•Reported net revenues growth of 28-to-29 percent compared to the second half of fiscal 2020, which represents reported net revenues growth of four-to-five percent compared to the second half of fiscal 2019; and
•Adjusted diluted EPS of 72-to-76 cents, bringing the full-year Adjusted diluted EPS outlook to $1.29-to-$1.33.
The company plans to share additional details during its investor conference call. The company's outlook assumes no significant worsening of the COVID-19 pandemic or dramatic incremental closure of global economies.

For earnings history and earnings-related data on Levi (LEVI) click here.

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