The key theme for this earnings season is that good enough isn’t good enough. Levi Strauss & Co. (NYSE: LEVI) scored a double beat in its fourth-quarter earnings report. But the company’s guidance, particularly its earnings guidance, came in lighter than analysts expected, and LEVI stock was down about 7% at the opening of trading on Feb. 2.
Levi’s beat on the top and bottom lines. Adjusted earnings per share (EPS) came in at 41 cents, which was two cents above estimates for 39 cents. Revenue of $1.77 billion topped forecasts for $1.71 billion. That revenue was also up 5% on an organic basis.
