Levi (LEVI) reported Q3 EPS of $0.40, $0.03 better than the analyst estimate of $0.37. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.6 billion.
GUIDANCE:
Levi sees FY2022 EPS of $1.44-$1.49, versus the consensus of $1.54.
- As a result of the significant incremental currency headwinds from the stronger U.S. dollar, as well as a more cautious outlook for North America and Europe due to macroeconomic conditions and ongoing supply chain disruptions, the company has adjusted its expectations for fiscal year 2022:
- •Reported net revenues growth of 6.7% to 7.0%, representing 11.5% to 12% net revenues growth on a constant-currency basis.
- •Adjusted diluted EPS of $1.44 to $1.49, inclusive of incremental FX headwinds of $0.05 since last reporting in July.