LEVI Jeff Greenberg | Universal Images Group | Getty Images Levi Strauss shoppers are taking that advice to heart. Levi Strauss executives are ecstatic. "The growing popularity of Western wear is at an all-time high," CEO Michelle Gass told analysts Wednesday night after the California-based retailer's latest earnings report for the quarter ended in May. Beyond Beyoncé's chart-topping "Cowboy Carter" album, the increased ubiquity of Western style has also been tied to a fashion line unveiled by Louis Vuitto ...

Today's sell-off in Levi stock could be a great buying opportunity for value investors. Heading into earnings, analysts forecast the blue jeans maker would earn only $0.11 per share on $1.45 billion in second-quarter 2024 sales. In fact, Levi earned $0.16 per share -- nearly 50% more than expected -- while sales came in close to the mark at $1.44 billion. Levi Strauss' Q2 earnings That being said, Levi did grow sales 8% year over year, and did report a record gross profit margin of 60.5%, leading to the ear ...

The company also announced a shift from a primarily owned-and-operated distribution and logistics network in the US and Europe to one that relies more heavily on third-party providers. With Post wires Levi Strauss'shares tumbled more than 15% on Thursday after weakness in the denim maker's wholesale business led to downbeat second-quarter revenue. Levi Strauss has been grappling with choppy demand in its wholesale business as retailers have remained cautious about restocking against the backdrop of consumer ...

Not too bad but disappointing 2Q24 results Finally, we have the issue of multiple contraction. The above return of 10% is based on Levi's P/E multiple remaining at 15x or above. Otherwise, the gain from expanding earnings would be negated by a falling multiple, potentially leading to share price declines. If, for example, after Levi provides a 40% earnings growth, the market expects it to grow less in the future, and the multiple moves to say, 12x, our return over the holding period would contract by 20% at ...

Levi Strauss narrowly missed second-quarter sales forecasts as its Dockers brand underperformed. Levi Strauss affirmed its full-year revenue and adjusted earnings per share (EPS) outlook, but Goldman Sachs analysts were disappointed the company didn't raise its guidance. Shares had risen roughly 40% in 2024 through Wednesday's close but sank 17% in intraday trading Thursday. The company reported second-quarter revenue rose 7.8% to $1.44 billion, slightly short of the $1.45 billion expected by analysts surve ...

LEVI was last seen down 16.5% to trade at $19.30, breaching long-term support from its 30-day moving average. The security earlier gapped to its lowest level since April, and is pulling back from a June 6, two-year peak of $24.34 as it heads for its worst single-day percentage loss on record. The shares are still up 18.1% in 2024, however. Drilling down to today's options activity, 9,869 calls and 11,000 puts have already crossed the tape, which is a whopping 24 times the volume that is typically seen at th ...

Shares of this San Francisco, CA-based player have gained 16.3% in the past three months compared with the industry's 1.2% drop. This Zacks Rank #2 (Buy) company's direct-to-consumer (DTC) net revenues jumped 8% year over year and 11% on a constant-currency basis. E-commerce revenues rose 19% both on a reported basis and a constantcurrency basis, including double-digit growth at the Levi's and Beyond Yoga brands. DTC business accounted for 47% of the overall net revenues. In the Americas, revenues jumped 17 ...

Levi Strauss & Co. (NYSE:LEVI) Q2 2024 Earnings Conference Call June 26, 2024 5:00 PM ET Aida Orphan - VP, IR Michelle Gass - President and CEO Harmit Singh - Chief Financial and Growth Officer Laurent Vasilescu - BNP Paribas Robert Drbul - Guggenheim Securities Matthew Boss - JPMorgan Ike Boruchow - Wells Fargo Dana Telsey - Telsey Advisory Group Christopher Nardone - Bank of America Paul Lejuez - Citi Good day, ladies and gentlemen, and welcome to the Levi Strauss & CompanyÂ's Second Quarter Fiscal 2024 E ...

For the quarter ended May 2024, Levi Strauss (LEVI) reported revenue of $1.44 billion, up 7.8% over the same period last year. EPS came in at $0.16, compared to $0.04 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $1.45 billion, representing a surprise of -0.70%. The company delivered an EPS surprise of +45.45%, with the consensus EPS estimate being $0.11. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how th ...

Markets finished mostly in the green today. The Nasdaq and S&P 500 benefited from Amazon's (AMZN) record closing high (and first time with a more than $2 trillion market cap) and ended the session +0.49% and +0.16%, respectively. The Dow barely eked out a positive trading day, +0.04%, while the small-cap Russell 2000 brought up the rear, down 0.33% for the session. The Dow remains the only major index that's up over the past five trading days. Questions or comments about this article and/or author? Click he ...