Levi (LEVI) Reports Q1 Beat on Record Gross Margin, Reiterates 2022 Guidance

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Go back to Levi (LEVI) Reports Q1 Beat on Record Gross Margin, Reiterates 2022 Guidance

Levi Strauss & Co. Reports First-Quarter 2022 Financial Results, Exceeding Expectations

April 6, 2022 4:10 PM EDT

REPORTED NET REVENUES OF $1.6 BILLION UP 22% VERSUS Q1 2021

OPERATING MARGIN WAS 14.7%; ADJUSTED EBIT MARGIN WAS 14.9% VERSUS 13.3% IN Q1 2021

DILUTED EPS WAS $0.48; ADJUSTED DILUTED EPS WAS $0.46 UP 35% VERSUS Q1 2021

COMPANY REAFFIRMS ANNUAL GUIDANCE

SAN FRANCISCO--(BUSINESS WIRE)-- Levi Strauss & Co. (NYSE: LEVI) today announced financial results for the first quarter ended February 27, 2022.

"We started the year with strong consumer demand and solid momentum across geographies, channels and categories," said Chip Bergh, president and chief... More