Levi Strauss & Co Stock Falls After Mixed Q3 Results: EPS Beat, Revenues Miss
Levi Strauss & Co Stock Falls After Mixed Q3 Results: EPS Beat, Revenues Miss
Levi Strauss & Co. (NYSE:LEVI) shares are trading lower following the company's third-quarter financial results released after Wednesday's closing bell. Here's a look at the details from the report.
Levi Strauss & Co.（紐交所：LEVI）股價下跌，跌至週三收盤後公佈第三季度財務業績。以下是報告中的細節。
The Details: Levi Strauss reported quarterly earnings of 33 cents per share, which beat the analyst consensus estimate of 31 cents. Quarterly revenue came in at $1.516 billion, which missed the analyst consensus estimate of $1.55 billion.
詳細情況：Levi Strauss報告的季度盈利爲每股33美分，超過了分析師共識預期的31美分。季度營收爲151.6億美元，低於分析師共識預期的155億美元。
- DTC (Direct-to-Consumer) net revenues increased 10% on a reported basis and 12% on a constant-currency basis. DTC growth reflected a 12% increase in the U.S. and a 9% increase in Europe.
- Wholesale net revenues decreased 6% on a reported basis and 5% on a constant-currency basis. Adjusting for the exit of the Denizen business, wholesale net revenues declined 3%.
- Operating margin was 2.0% compared to 2.3% in the same quarter last year inclusive of an impairment charge of $111 million related to the Beyond Yoga acquisition.
- Gross margin increased 440 basis points to 60% from 55.6% in the same quarter last year primarily driven by lower product costs and favorable channel and brand mix.
- DTC（直銷）淨收入按報告基礎增長10％，按恒定貨幣基礎增長12％。 DTC增長反映出美國增長12％和歐洲增長9％。
- 批發淨收入按報告基礎下降6％，按恒定貨幣基礎下降5％。扣除Denizen業務退出，批發淨收入下降3％。
- 營業利潤率爲2.0％，與去年同期的2.3％相比，其中包括與Beyond Yoga收購相關的一筆1.11億美元減值損失。
- 毛利率增加440個點子，從去年同期的55.6％提高到60％，主要受低產品成本和渠道品牌組合的有利影響驅動。
"The underlying fundamentals of our business are getting stronger, driven by the Levi's brand, which grew 5% globally in Q3, a significant acceleration from H1 and the highest revenue growth in two years. We are making progress against our strategic priorities, including double-digit growth in our direct-to-consumer business, continued positive performance in the U.S., and Europe inflecting to growth," said Michelle Gass, CEO of Levi Strauss & Co.
「我們業務的基本面正在變得更加強大，主要受到Levi's品牌推動，該品牌全球在Q3增長了5％，這是自上半年以來的大幅加快，也是兩年來最高的營收增長。我們正在實現戰略重點，其中包括直銷業務增長達兩位數，在美國繼續保持良好表現，歐洲轉向增長，」Levi Strauss & Co.首席執行官Michelle Gass說。
Outlook: Levi Strauss sees fiscal year 2024 adjusted earnings at a mid-point of between $1.17 and $1.27 per share, versus the $1.25 estimate.
展望：Levi Strauss預計2024財年調整後的每股收益中點在1.17美元至1.27美元之間，而不是1.25美元的預估。
LEVI Price Action: According to Benzinga Pro, Levi Strauss shares are down 6.22% after-hours at $19.75 after dropping 2.86% in Wednesday's regular trading session.
LEVI股價走勢：據彭博專業版報道，李維·斯特勞斯股票盤後下跌6.22%，報19.75美元，在週三的常規交易中下跌了2.86%。
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Photo: Courtesy of Levi Strauss & Co.
照片：由李維·斯特勞斯與公司提供
譯文內容由第三人軟體翻譯。