Levi (LEVI) Reports Q1 EPS of $0.37; Revenues Rise 7%

Levi (NYSE: LEVI) reported Q1 EPS of $0.37, versus ($0.05) reported last year. Revenue for the quarter rose 7% to $1.44 billion versus $1.34 billion last year.

GUIDANCE:

The company's expectations for fiscal 2019, as compared to fiscal 2018, are as follows:

• Constant-currency net revenues growth of mid-single digits; and
• Constant-currency Adjusted EBIT margin flat-to-slightly up.

The company noted that due to the timing of its fiscal year ending the final Sunday of November, fiscal 2019 will not contain the benefit of a Black Friday, which normally represents about half-a-point of annual net revenues and an additional 25 basis-points of Adjusted EBIT margin.

Additionally, the company anticipates capital expenditures of approximately $190 - $200 million and nearly 100 new company-operated store openings in fiscal 2019.

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

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