Recap: Levi Strauss Q1 Earnings

Levi Strauss LEVI reported its Q1 earnings results on Wednesday, April 6, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Levi Strauss beat estimated earnings by 9.52%, reporting an EPS of $0.46 versus an estimate of $0.42.

Revenue was up $286.00 million from the same period last year.

Last quarter the company beat on EPS by $0.01 which was followed by a 8.37% increase in the share price the next day.

Here's a look at Levi Strauss's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.40	0.37	0.09	0.25
EPS Actual	0.41	0.48	0.23	0.34
Revenue Estimate	1.68B	1.48B	1.21B	1.25B
Revenue Actual	1.69B	1.50B	1.28B	1.31B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Levi Strauss management provided guidance for FY 2022, expecting earnings between $1.5 and $1.56 per share.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.