Levi Strauss NYSE: LEVI is on track to hit new highs in 2026, as the enduring, globally recognized brand is in the midst of a sales recovery. Management is effecting a strategic transformation that centers on direct-to-consumer, omnichannel, and e-commerce, driving industry-leading sales growth for core brands and widening margins despite macroeconomic headwinds.
The major U.S. equities indexes dropped sharply Friday afternoon, wiping out early gains after President Trump threatened "massive" tariffs on Chinese goods in response to China's move to tighten rare earths export curbs. The Dow, S&P 500, and Nasdaq all lost over 1%.
Shares of Levi Strauss (LEVI -12.04%) faded on Friday, like a pair of bleached jeans. The apparel maker reported third-quarter results on Thursday evening, beating Wall Street's estimates on both the top and bottom lines.
Levi Strauss & Co. delivered strong Q3 results, driven by international growth and resilience in the US despite tariff pressures. International markets, especially Latin America and Asia, powered revenue gains, while US direct-to-consumer sales and price increases supported margins. LEVI's gross margins improved, but SG&A deleveraging and cyclical high margins raise concerns about sustainabilit...
This week marked the start of earnings season with several major companies reporting results, including Delta Air Lines and PepsiCo, while the big banks like JPMorgan Chase, Citigroup, and Wells Fargo are set to report next week. Investors are closely watching these early reports for cues on the broader economic landscape amid ongoing uncertainties.
Levi Strauss & Co. (NYSE: LEVI) shares fell sharply on Friday despite the denim maker reporting stronger-than-expected third-quarter results and raising its full-year guidance. Investors appeared unsettled by the company's cautious fourth-quarter outlook and warnings of tariff-related margin pressure, sending the stock down 10.23% to $22.03 on Friday.
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