Levi Strauss: Fiscal Q4 Earnings Snapshot
SAN FRANCISCO (AP) _ Levi Strauss & Co. (LEVI) on Wednesday reported fiscal fourth-quarter profit of $150.6 million.
On a per-share basis, the San Francisco-based company said it had profit of 38 cents. Earnings, adjusted for non-recurring gains, were 34 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.
The jeans maker posted revenue of $1.59 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $1.58 billion.
For the year, the company reported profit of $569.1 million, or $1.41 per share. Revenue was reported as $6.17 billion.
Levi Strauss expects full-year earnings in the range of $1.30 to $1.40 per share, with revenue in the range of $6.3 billion to $6.4 billion.