×
93 569
Fashion Jobs
NORDSTROM
Asset Protection - Agent - Houston Galleria
Permanent · Houston
NORDSTROM
Manager - Asset Protection - Los Cerritos
Permanent · Cerritos
NORDSTROM
Asset Protection - Agent - Phipps Plaza
Permanent · Atlanta
NORDSTROM
Asset Protection - Agent - Houston Galleria
Permanent · Houston
NORDSTROM
Retail Stock & Fulfillment - Fashion Mall at Keystone
Permanent · Indianapolis
NORDSTROM
General Manager- Bazille- Stanford Shopping Center
Permanent · Palo Alto
NORDSTROM
Asset Protection - Agent - Tustin Marketplace Rack
Permanent · Tustin
NORDSTROM
Asset Protection - Agent - Howe Bout Arden Rack
Permanent · Sacramento
NORDSTROM
Asset Protection Agent - Mercado Rack, Naples, fl
Permanent · Naples
NORDSTROM
Asset Protection - Agent - Alamo Quarry Rack
Permanent · San Antonio
NORDSTROM
Retail Stock - Marketplace at Braintree Rack
Permanent · Braintree
NORDSTROM
Asset Protection - Agent - East Palo Alto Rack
Permanent · East Palo Alto
NORDSTROM
Inventory Integrity & Quality Manager - Riverside, ca
Permanent · Riverside
NORDSTROM
Asset Protection - Security Ambassador - Roosevelt Field
Permanent · Garden City
NORDSTROM
Asset Protection -Agent - East Palo Alto Rack
Permanent · East Palo Alto
NORDSTROM
Asset Protection - Security Ambassador - Newbury Rack
Permanent · Boston
NORDSTROM
Asset Protection Agent - Aventura
Permanent · Aventura
NORDSTROM
Asset Protection- Agent-The Sono Collection
Permanent · Norwalk
NORDSTROM
Asset Protection - Agent - Laguna Niguel Rack
Permanent · Laguna Niguel
NORDSTROM
Retail Stock & Fulfillment - Los Cerritos Center
Permanent · Cerritos
NORDSTROM
Retail Stock & Fulfillment - International Plaza
Permanent · Tampa
NORDSTROM
Asset Protection - Agent - Glendale Fashion Center Rack
Permanent · Glendale
Published
Apr 7, 2022
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Levi Strauss results top estimates on strong demand, price hikes

Published
Apr 7, 2022

Levi Strauss & Co quarterly results beat Wall Street estimates on Wednesday, helped by price increases and strong demand for its jeans, tops and jackets as more people venture out and attend social events.


Levi's


Shares of the jeans maker, which reaffirmed its revenue and profit forecast for 2022, rose about 2% in extended trading.

Levi has benefited from price increases aimed at mitigating the impact of supply chain disruptions, inventory shortages and inflationary pressures, while an accelerating trend for high-rise jeans and loose-fitting clothes has also helped drive sector-wide sales.

Double-digit sales growth in every market helped the company offset some of the headwinds, and more full-price sales and lower promotions boosted the company's performance, Telsey Advisory Group retail analyst Dana Telsey said.

"We're not seeing any real pushback on pricing at all at this point," Chief Executive Officer Charles Bergh said in the earnings call, adding that there was room for stronger pricing in the second half of the year, which would be determined based on costs incurred by the company.

The San Francisco-based company's first-quarter revenue rose 21.8% to $1.59 billion, compared with analysts' average estimate of $1.55 billion, according to IBES data from Refinitiv.

Levi Chief Financial Officer Harmit Singh, however, said that supply chain-related issues cut revenue opportunities by about $60 million, or 5%, primarily in the United States.

Excluding items, Levi earned 46 cents per share, above estimates of 42 cents per share.

 

Copyright © 2022 FashionNetwork.com All rights reserved.