Levi Strauss (LEVI) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this jeans maker have returned +13% over the past month versus the Zacks S&P 500 composite's +5.1% change. The Zacks Retail - Apparel and Shoes industry, to which Levi Strauss belongs, has gained 8.6% over this period. Now the key question is: Where could the stock be headed in the near term?Although media re ...

Levi Strauss (LEVI) closed the latest trading day at $17.77, indicating a -0.34% change from the previous session's end. This change lagged the S&P 500's daily gain of 0.57%. Meanwhile, the Dow experienced a drop of 0.14%, and the technology-dominated Nasdaq saw an increase of 1.25%.Coming into today, shares of the jeans maker had gained 9.72% in the past month. In that same time, the Retail-Wholesale sector gained 6.4%, while the S&P 500 gained 5.07%.The investment community will be closely monitoring the ...

Levi Strauss (LEVI) is a Zacks Rank #5 (Strong Sell) that designs, markets, and sells apparel and related accessories for men, women, and children worldwide. Levi's products are sold through chain retailers, department stores, online sites, brand-dedicated retail stores, and shop-in-shops.The company recently reported an earnings beat, which has helped the stock rally about 6% since. However, since earnings analysts have been taking their estimates lower, spelling trouble for the company in the year ahead.A ...

Justin Sullivan Investment action Based on my current outlook and analysis of Levi Strauss & Co. (NYSE:LEVI), I recommend a buy rating. While I agree that the macro conditions are not perfect for LEVI, I really like how the business has executed the DTC transition so far, which has driven margin in the right direction. The management decision to implement a restructuring program today is also something I am in favor of because now is the best time to better position the business for growth since growth oppo ...

Levi Strauss (LEVI 1.27%) stock eked out a 1.3% gain on Friday following the casual clothing retailer's Thursday afternoon release of its results for the fourth quarter of fiscal 2023 (ended Nov. 26).The quarter's results were pretty much as expected. Revenue fell just slightly short of the Wall Street consensus estimate, but earnings narrowly surpassed it. Fiscal 2024 guidance, however, came in notably lighter than analysts had been projecting, stemming from weakness in the company's wholesale business.In ...

With a rough 2023 in the rearview, Levi Strauss & Co. this year is trying to tackle its problems with new pants.That includes pants with lighter-weight denim; pants for women that can be worn as high-rise or low-rise; and even non-denim pants that management, during Levi’s LEVI, +1.27% earnings call on Thursday, referred to as a “tech pant” for men with “moisture control and 360 mobility.” The company also plans to expand its offerings of Performance Cool pants intended to keep the wearer cool and dry on ho ...

Levi Strauss & Co. announced plans to cut up to 15% of its global workforce as it restructures under new leadership.  The cuts are part of the company's global productivity initiative and are expected to take place over the first half of the year under incoming CEO Michelle Gass. The company is trying to rapidly tighten its belt as it contends with macroeconomic challenges and ongoing issues within its U.S. wholesale business.  "There's been a lot of volatility this past year, some in our control, some outs ...

KEY TAKEAWAYSLevi Strauss plans layoffs of 10% to 15% of its global workforce to cut costs.The job cuts are expected to take place in the first half of this year, with the costs of restructuring estimated between $110 million and $120 million.Levi Strauss reported its net income fell 57% from a year ago, with revenue stagnating as inflation squeezed consumers.Levi Strauss & Co. (LEVI) shares lost 1% in early trading Friday after the denim maker announced plans to cut between 10% and 15% of its workforce.The ...

Levi Strauss (NYSE:LEVI) layoffs are coming for the company’s employees in 2024 as it prepares to cut costs and save money in a tough economy.That update came in the company’s earnings report for Q4 2023. In that update, Levi Strauss said the layoffs will affect between 10% and 15% of its corporate workforce and save it $100 million this year.Levi Strauss notes that these layoffs are set to take place in the first half of 2024. The company also expects to suffer $110 million to $120 million in charges in th ...

Levi Strauss & Co has unveiled plans to cut jobs in its corporate division after reporting a fall in net income during 2023. Between 10% and 15% of the denim giant’s global corporate workforce will be cut under the move, which will aim to reduce costs and simplify organisation across the business. This will be part of a two-year initiative, Levi’s said in Thursday’s full-year results announcement, with the cuts representing the initial phase of the plan. Levi’s announced the reductions as the firm reported ...