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 Company Participants Aida Orphan - VP, IR Michelle Gass - President and CEO Harmit Singh - Chief Financial and Growth Officer Conference Call Participants 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 Operator Good day, ladies and gentlemen, and welcome to ...

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 ...

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 ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Investor Contact: Aida Orphan Media Contact: Elizabeth Owen Levi Strauss & Co. Levi Strauss & Co. (415) 501-6194 (415) 501-7777 Investor-Relations@levi.com NewsMediaRequests@levi.com LEVI STRAUSS & CO. REPORTS SECOND-QUARTER 2024 FINANCIAL RESULTS REPORTED REVENUE GROWTH OF 8%, UP 9% CONSTANT CURRENCY, IN-LINE WITH COMPANY EXPECTATIONS RECORD GROSS MARGIN OF 60.5%, UP 180 BPS OVER PRIOR YEAR GLOBAL DTC REVENUE UP 8%, 11% IN CC, INCLUDING 12% GROWTH IN THE U.S. DILUTED EPS ...