Why Levi Strauss & Co. Stock Just Crashed 16%

Today's sell-off in Levi stock could be a great buying opportunity for value investors. Heading into earnings, analysts forecast the blue jeans maker would earn only $0.11 per share on $1.45 billion in second-quarter 2024 sales. In fact, Levi earned $0.16 per share -- nearly 50% more than expected -- while sales came in close to the mark at $1.44 billion. Levi Strauss' Q2 earnings That being said, Levi did grow sales 8% year over year, and did report a record gross profit margin of 60.5%, leading to the ear ...