Recap: Levi Strauss Q1 Earnings


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Shares of Levi Strauss (NYSE:LEVI) rose in after-market trading after the company reported Q1 results.

Quarterly Results

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Earnings per share were down 15.00% year over year to $0.34, which beat the estimate of $0.25.

Revenue of $1,306,000,000 declined by 13.28% from the same period last year, which beat the estimate of $1,250,000,000.

Looking Ahead

Levi Raises H1'21 Net Sales Growth Guidance To 24-25% Year Over Year, Adj. EPS $0.41-$0.42

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Technicals

52-week high: $25.78

52-week low: $11.13

Price action over last quarter: Up 21.26%

Company Description

Levi Strauss & Co is involved in designing, marketing, and selling products that include jeans, casual and dresses pants, tops, shorts, skirts, jackets, footwear, and related accessories directly or through third parties and licensees for men, women, and children under Levi's, Dockers, Signature by Levi Strauss & Co. and Denizen brands. The company manages its business according to three regional segments: the Americas, which is the key revenue driver; Europe; and Asia.


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Posted In: EarningsBZI-Recaps