Why You Can't Just Forget About IPO's

Credit: The Street
Published on April 10, 2019 - Duration: 00:59s

Why You Can't Just Forget About IPO's

Real Money's Kevin Curran broke down why investors need to remember not to forget about a company after the company IPO's.

An example that Curran points out is Levi's , which is Real Money's Stock of the Day after the company reported earnings Tuesday after the bell.

In its first earnings report since its IPO, Levi's posted quarterly earnings of 37 cents a share on revenue of $1.44 billion.

A year earlier, the jeans company reported a loss of 5 cents a share on revenue $1.34 billion.

The period included a $136 million charge from the U.S. tax overhaul.

"We delivered our sixth consecutive quarter of double-digit constant-currency revenue growth," said Chip Bergh, president and CEO.

"Growth was broad-based across all three regions and all channels, demonstrating that our strategies are working and our investments are paying off." The company reported gross margins of 54.6% in its fiscal first quarter while operating income rose 15% year over year to $201 million.

Related.

I Don't Understand the Excitement About Levi Strauss

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