Levi Strauss Stock Slumps After Slight Revenue Miss

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 ...