The retailer posted its quarterly report on Wednesday, beating Wall Street's expectations for earnings, but slightly missing on revenue. Shares of Levi Strauss sank nearly 13% in after hours trading. "We see our consumers as being really resilient, and we're excited about the category," she said. In a Wednesday interview with CNBC's Jim Cramer, Levi Strauss CEO Michelle Gass said the popularity of "top to bottom" denim outfits is growing. Besides the "head-to-toe denim lifestyle," Gass added other trends li ...

Levi Strauss & Co. is seeing its digital channels drive direct-to-consumer (D2C) growth, with eCommerce customers proving willing to pay full price and to spring for premium products. Indeed, most consumers shop digitally directly from brands or retailers at least some of the time, per PYMNTS Intelligence's new study, the latest edition of "How the World Does Digital." The report digs into the digital behavior of 67,000 consumers across 11 countries that make up approximately half of the world's GDP. Plus, ...

This quarterly report represents an earnings surprise of 45.45%. A quarter ago, it was expected that this jeans maker would post earnings of $0.21 per share when it actually produced earnings of $0.26, delivering a surprise of 23.81%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. While Levi Strauss has outperformed the market so far this year, the question ...

Denim is having a moment with consumers, but it hasn't led to a major sales boost at Levi Strauss. Levi's posted better-than-expected earnings as its direct sales to consumers and cost cutting continue to bear fruit. The company raised its dividend by 8% to 13 cents per share, its first increase in six quarters. Here's how Levi's performed during the quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG: The company's reported net income for the three-month period th ...

LEVI STRAUSS & CO. AND SUBSIDIARIES Table of Contents The accompanying notes are an integral part of these consolidated financial statements. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) Table of Contents 6 The accompanying notes are an integral part of these consolidated financial statements. LEVI STRAUSS & CO. AND SUBSIDIARIES LEVI STRAUSS & CO. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE QUARTERLY PERIOD ENDED MAY 26, 2024 Levi Strauss & Co. (the "Company") is one of the ...

With the heart of the Q2 earnings season approaching several stocks are standing out ahead of their quarterly reports on Wednesday, June 26. Levi Strauss & Co (LEVI) Along with its brand strength, casual apparel retailer Levi Strauss has experienced improved financial performance from its omnichannel initiatives which include e-commerce expansion such as same-day delivery along with mobile checkouts, and contactless returns among other direct-to-consumer strategies. Trading at a reasonable 18.2X forward ear ...

Levi Strauss' omnichannel initiatives and brand strength appear encouraging. The company has been strengthening its omni capabilities, including Buy Online, Pick-up in Store, line-queuing, same-day delivery, mobile checkout and return capabilities, including contactless returns. Its direct-to-consumer business has been performing well. Boot Barn's top line is expected to rise year over year. The consensus estimate for quarterly revenues is pegged at $409.5 million, which indicates an improvement of 6.7% fro ...

Wall Street analysts expect Levi Strauss (LEVI) to post quarterly earnings of $0.11 per share in its upcoming report, which indicates a year-over-year increase of 175%. Revenues are expected to be $1.45 billion, up 8.4% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. Ahead of a company's earnings disclosure, it is crucial to ...

The the stock of jeans maker has risen by 3.97% in the past month, leading the Retail-Wholesale sector's gain of 0.48% and the S&P 500's gain of 2.85%. It's also important for investors to be aware of any recent modifications to analyst estimates for Levi Strauss. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. Valuation is also important, so investors ...

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. Levi Strauss (LEVI) closed at $23.58 in the latest trading session, marking a +0.21% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.26%. Meanwhile, the Dow experienced a rise of 0.18%, and the technology-dominated ...