Levi Strauss' Second Quarter Beats on Revenue, Net Loss
Not surprisingly, Levi Strauss (NYSE: LEVI) suffered from withering declines in its business in its most recent quarter. The company managed to beat analyst estimates for the period, however.
In Levi's second quarter of fiscal 2020, the results of which were published after market hours on Tuesday, net revenue cratered by 62% on a year-over-year basis to $498 million. The company flipped into the red on the bottom line, with a $191.5 million ($0.48 per share) non-GAAP (adjusted) net loss against the year-ago quarter's profit of $64.8 million.
Image source: Levi Strauss.
Source Fool.com
