Levi Strauss’ (NYSE:LEVI) shares experienced a drop of about 2% in pre-market today, following the apparel company’s disclosure of Q4 revenue that didn’t meet expectations and full-year guidance that was below market forecasts.
Levi reported a fourth-quarter earnings per share (EPS) of $0.44, which slightly surpassed the consensus estimate of $0.43. However, its revenue for the quarter was $1.6 billion, less than the anticipated $1.66 billion.
In terms of business segments, Beyond Yoga showed a positive trend with a 14% increase in revenue. In contrast, the net revenue from the company’s other brands segment decreased by 11%.
Looking to the future, Levi projects modest growth in its full-year revenue, expecting an increase of 1% to 3%. This projection is less than the 4.7% growth predicted by Wall Street analysts. The company also anticipates its EPS for the year to be between $1.15 and $1.25, below the analyst expectation of $1.33 per share.