Levi Strauss & Co., mali 2026 1. \u00e7eyrekte d\u00fczeltilmi\u015f (tek seferlik kalemlerden ar\u0131nd\u0131r\u0131lm\u0131\u015f) hisse ba\u015f\u0131na k\u00e2r\u0131n\u0131 (EPS) 42 sent a\u00e7\u0131klad\u0131. Bu rakam 37 sentlik beklentinin \u00fczerinde ve ge\u00e7en y\u0131lki 38 sente g\u00f6re %10,5 art\u0131\u015fa i\u015faret ediyor. Net gelir 1,74 milyar dolar oldu; 1,65 milyar dolarl\u0131k tahminin \u00fczerinde. Gelirler, raporlanan bazda (kur gibi etkiler d\u00e2hil) yakla\u015f\u0131k %14, organik bazda (kur ve sat\u0131n alma\/elden \u00e7\u0131karma gibi etkiler hari\u00e7) %9 artt\u0131.<\/p>\n
Do\u011frudan t\u00fcketiciye sat\u0131\u015f (DTC: \u015firketin ma\u011faza ve kendi e-ticaret kanal\u0131) net geliri 911,5 milyon dolara \u00e7\u0131kt\u0131; raporlanan bazda %16, organik bazda %10 artt\u0131. Organik DTC b\u00fcy\u00fcmesi ABD\u2019de %10, Avrupa\u2019da %5, Asya\u2019da %16 oldu. DTC\u2019de kar\u015f\u0131la\u015ft\u0131r\u0131labilir sat\u0131\u015flar (ayn\u0131 ma\u011fazalar\u0131n sat\u0131\u015flar\u0131) %7 y\u00fckseldi. E-ticaret gelirleri raporlanan bazda %21, organik bazda %17 artt\u0131. DTC, toplam net gelirin %52\u2019sini olu\u015fturdu.<\/p>\n
Toptan (wholesale: perakendecilere toplu sat\u0131\u015f) net gelir raporlanan bazda %12 artarak 831 milyon dolara, organik bazda %8 art\u0131\u015fa ula\u015ft\u0131. Beyond Yoga gelirleri her iki \u00f6l\u00e7\u00fcmde de %23 b\u00fcy\u00fcd\u00fc. Zacks kanal tahminleri DTC i\u00e7in 890 milyon dolar, toptan i\u00e7in 757 milyon dolard\u0131.<\/p>\n
B\u00f6lgesel gelirler Amerika k\u0131tas\u0131nda raporlanan bazda %9 (organik %7; ABD organik +%4), Avrupa\u2019da raporlanan %24 (organik %10), Asya\u2019da raporlanan %13 (organik %12) artt\u0131. Br\u00fct k\u00e2r %13,7 art\u0131\u015fla 1,1 milyar dolara y\u00fckseldi. Br\u00fct marj (br\u00fct k\u00e2r\u0131n gelire oran\u0131) 20 baz puan (bps: y\u00fczde 0,01) d\u00fc\u015ferek %61,9 oldu. D\u00fczeltilmi\u015f SG&A (sat\u0131\u015f, genel ve idari giderler) %15,7 artarak 860,5 milyon dolara \u00e7\u0131kt\u0131 ve gelirlerin %49,4\u2019\u00fcne ula\u015ft\u0131 (70 baz puan art\u0131\u015f).<\/p>\n
Nakit ve nakit benzerleri 716,6 milyon dolar, likidite (kullan\u0131labilir toplam finansman esnekli\u011fi) yakla\u015f\u0131k 1,6 milyar dolar oldu. Uzun vadeli bor\u00e7 1 milyar dolar, \u00f6zkaynak 2,2 milyar dolar seviyesinde ger\u00e7ekle\u015fti. Faaliyet nakit ak\u0131\u015f\u0131 211,5 milyon dolar, d\u00fczeltilmi\u015f serbest nakit ak\u0131\u015f\u0131 (yat\u0131r\u0131mlar sonras\u0131 elde kalan nakit) 152,1 milyon dolar oldu. Stoklar %4 artt\u0131.<\/p>\n
Levi, ortaklar\u0131na yakla\u015f\u0131k 214 milyon dolar geri d\u00f6n\u00fc\u015f sa\u011flad\u0131; bu tutar y\u0131ll\u0131k bazda %163 art\u0131\u015fa i\u015faret ediyor. Bunun 54 milyon dolar\u0131 temett\u00fc (k\u00e2r pay\u0131) \u00f6demesiydi. \u015eirket ayr\u0131ca 200 milyon dolarl\u0131k h\u0131zland\u0131r\u0131lm\u0131\u015f hisse geri al\u0131m\u0131 (ASR: bankayla yap\u0131lan anla\u015fmayla k\u0131sa s\u00fcrede b\u00fcy\u00fck tutarda geri al\u0131m) ba\u015flatt\u0131 ve yakla\u015f\u0131k 8 milyon hisseyi dola\u015f\u0131mdan \u00e7\u0131kard\u0131. Hisse ba\u015f\u0131na 14 sent temett\u00fc, toplam 54 milyon dolar olarak 6 May\u0131s 2026\u2019da \u00f6denecek. Geri al\u0131m yetkisi kapsam\u0131nda 240 milyon dolar daha kald\u0131.<\/p>\n
29 Kas\u0131m 2026\u2019da sona erecek mali 2026 i\u00e7in \u015firket beklentilerinde, ABD\u2019nin \u00c7in\u2019e %30, d\u00fcnyan\u0131n geri kalan\u0131na %20 g\u00fcmr\u00fck tarifesi varsay\u0131m\u0131 yer al\u0131yor. Dockers ise durdurulan faaliyetler (discontinued operations: sat\u0131lan\/elden \u00e7\u0131kar\u0131lan veya kapanacak i\u015f kolu) olarak ele al\u0131n\u0131yor. Levi art\u0131k raporlanan gelir b\u00fcy\u00fcmesini %5,5-%6,5 (\u00f6nceki %5-%6), organik b\u00fcy\u00fcmeyi yakla\u015f\u0131k %4,5-%5,5 (\u00f6nceki %4-%5) bekliyor. Br\u00fct marj\u0131n yatay ya da hafif art\u0131da olmas\u0131 \u00f6ng\u00f6r\u00fcl\u00fcyor. D\u00fczeltilmi\u015f EBIT marj\u0131nda (faiz ve vergi \u00f6ncesi k\u00e2r marj\u0131) yakla\u015f\u0131k %12 geni\u015fleme hedefleniyor. Vergi oran\u0131 yakla\u015f\u0131k %23 (2 puan daha y\u00fcksek) beklenirken, d\u00fczeltilmi\u015f EPS 1,42-1,48 dolar aral\u0131\u011f\u0131na (\u00f6nceki 1,40-1,46 dolar) y\u00fckseltildi; bu tahmine vergi kaynakl\u0131 4 sentlik olumsuz etki d\u00e2hil.<\/p>\n","protected":false},"excerpt":{"rendered":"
S\u00fcrpriz bilan\u00e7o: Levi\u2019s 2026\/1\u00c7\u2019de EPS\u2019yi 42 sentle beklenti \u00fcst\u00fc a\u00e7\u0131klad\u0131, gelir 1,74 milyar dolara \u00e7\u0131kt\u0131. DTC %16 b\u00fcy\u00fcd\u00fc, 200 milyon $ geri al\u0131m ba\u015flatt\u0131; y\u0131l k\u00e2r tahminini y\u00fckseltti.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-44313","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/44313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=44313"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/44313\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=44313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=44313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=44313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}