** charts before earnings **
** charts after earnings **
Levi Strauss reports Q1 Adj. Net Income of $151 mln (no estimates), ahead of guidance provided in IPO prospectus, and revenue of $1.435 billion
- Co reports Q1 Adj. Net Income of $151 million, ahead of the $136-$149 million guidance it provided in its IPO prospectus. Reports revenue of $1.435 billion, up 7% y/y, at the high end of the $1.42-$1.435 billion guidance provided.
- Reported net revenues related to the company's direct-to-consumer business grew 10%, primarily due to performance and expansion of the retail network as well as e-commerce growth. The company had 70 more company-operated stores at the end of the first quarter of 2019 than it did a year prior. Reported net revenues related to the company's wholesale business grew 5%, reflecting growth in all regions.
- Outlook: for FY19, LEVI expects constant-currency net revenue growth of mid-single digits, and, constant currency Adj. EBIT margin flat to slightly up.
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