Levi Strauss & (LEVI)

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Wall Street's Insights Into Key Metrics Ahead of Levi Strauss (LEVI) Q3 Earnings
ZACKS· 2024-09-27 14:16
The upcoming report from Levi Strauss (LEVI) is expected to reveal quarterly earnings of $0.31 per share, indicating an increase of 10.7% compared to the year-ago period. Analysts forecast revenues of $1.55 billion, representing an increase of 2.7% year over year. Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Before a company announces its earnings, it ...
Levi Strauss (LEVI) Falls More Steeply Than Broader Market: What Investors Need to Know
ZACKS· 2024-09-04 23:22
In the latest market close, Levi Strauss (LEVI) reached $19.08, with a -0.63% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.16%. Elsewhere, the Dow saw an upswing of 0.09%, while the tech-heavy Nasdaq depreciated by 0.3%. The jeans maker's shares have seen an increase of 9.65% over the last month, surpassing the Retail-Wholesale sector's gain of 5.52% and the S&P 500's gain of 3.64%. Market participants will be closely following the financial result ...
Levi Strauss (LEVI) Registers a Bigger Fall Than the Market: Important Facts to Note
ZACKS· 2024-08-22 23:01
Levi Strauss (LEVI) closed the latest trading day at $18.94, indicating a -1.81% change from the previous session's end. The stock trailed the S&P 500, which registered a daily loss of 0.89%. Elsewhere, the Dow lost 0.44%, while the tech-heavy Nasdaq lost 1.67%. The jeans maker's shares have seen an increase of 10.23% over the last month, surpassing the Retail-Wholesale sector's gain of 2.93% and the S&P 500's gain of 2.17%. The upcoming earnings release of Levi Strauss will be of great interest to investor ...
Levi Strauss (LEVI) Outperforms Broader Market: What You Need to Know
ZACKS· 2024-08-16 23:02
Levi Strauss (LEVI) closed the most recent trading day at $18.99, moving +0.96% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.2%. Meanwhile, the Dow experienced a rise of 0.24%, and the technology-dominated Nasdaq saw an increase of 0.21%. The jeans maker's shares have seen an increase of 2.45% over the last month, surpassing the Retail-Wholesale sector's loss of 1.25% and the S&P 500's loss of 1.49%. The investment community will be paying close attention to the earnin ...
Levi Strauss (LEVI) Stock Dips While Market Gains: Key Facts
ZACKS· 2024-08-09 23:00
Levi Strauss (LEVI) closed at $17.52 in the latest trading session, marking a -0.9% move from the prior day. This move lagged the S&P 500's daily gain of 0.47%. Elsewhere, the Dow gained 0.13%, while the tech-heavy Nasdaq added 0.51%. The jeans maker's stock has dropped by 7.53% in the past month, falling short of the Retail-Wholesale sector's loss of 6.2% and the S&P 500's loss of 4.45%. Market participants will be closely following the financial results of Levi Strauss in its upcoming release. It is antic ...
Levi Strauss & Co: Rating Downgrade As Upside Is No Long Attractive
Seeking Alpha· 2024-06-29 10:45
Marina Shvetsova/iStock via Getty Images Review Aside from DTC, it was also encouraging to learn that LEVI saw sequential improvement in wholesale sell-through in the US and Europe, highlighting more normalized channel inventory levels and continued improvement in US trends exiting the quarter. These are a few implications from this. Firstly, this tells us that consumer demand for denim products has improved. Secondly, this means lower pressure on the LEVI balance sheet to hold inventories on its balance sh ...
Western clothing craze sends sales of denim dresses and skirts soaring, Levi Strauss says
CNBC· 2024-06-28 13:02
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 ...
Why Levi Strauss & Co. Stock Just Crashed 16%
The Motley Fool· 2024-06-27 17:36
Core Viewpoint - Today's sell-off in Levi stock presents a potential buying opportunity for value investors despite the company's mixed earnings report [1]. Group 1: Earnings Performance - Analysts had forecasted Levi Strauss would earn $0.11 per share on $1.45 billion in sales for Q2 2024, but the company actually earned $0.16 per share, nearly 50% more than expected, with sales at $1.44 billion [2]. - Levi's sales grew by 8% year over year, and the company reported a record gross profit margin of 60.5%, attributed to its shift towards a direct-to-consumer (DTC) model [3]. Group 2: Cash Flow and Valuation - The DTC strategy has led to a significant increase in free cash flow (FCF), with $437 million generated in positive FCF so far this year, compared to negative $66 million in the first half of 2023 [4]. - The trailing-12-month FCF stands at $613 million, resulting in a price-to-free-cash-flow ratio of 12.6, indicating an attractive valuation for the stock [4][5]. Group 3: Stock Reaction and Accounting Clarification - Despite the earnings beat, Levi's stock fell by 16.5% on the day of the report, raising questions about the sustainability of the earnings [6]. - The reported earnings of $0.16 per share were pro forma, while the GAAP profit was only $0.04 per share, which may have contributed to the stock's decline [7].
Levi's shares drop 15% after weakness in wholesale business sinks quarterly revenue
New York Post· 2024-06-27 17:08
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 ...
Levi Strauss Q2: Not Bad Despite The Market Reaction, Still Optimistic And A Hold
Seeking Alpha· 2024-06-27 16:23
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 ...