Levi Strauss (LEVI) Q3 Earnings Surpass Estimates

Financial Performance - Levi Strauss reported quarterly earnings of $0.33 per share, exceeding the Zacks Consensus Estimate of $0.31 per share, and up from $0.28 per share a year ago, representing an earnings surprise of 6.45% [1] - The company posted revenues of $1.52 billion for the quarter ended August 2024, which missed the Zacks Consensus Estimate by 2.25%, and is slightly up from $1.51 billion year-over-year [2] - Over the last four quarters, Levi Strauss has surpassed consensus EPS estimates four times but has only topped revenue estimates once [2] Stock Performance - Levi Strauss shares have increased approximately 31.1% since the beginning of the year, outperforming the S&P 500's gain of 19.7% [3] - The current consensus EPS estimate for the upcoming quarter is $0.51 on revenues of $1.76 billion, and for the current fiscal year, it is $1.24 on revenues of $6.31 billion [7] Industry Outlook - The Retail - Apparel and Shoes industry, to which Levi Strauss belongs, is currently ranked in the top 41% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - The performance of Levi Strauss may be influenced by the overall industry outlook, as empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions [5][8]