Levi Strauss stock dropping on Q2 sales miss

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Levi Strauss & Co. News

Seana Smith,Trading Session,Operational Costs

Shares of Levi Strauss & Co. (LEVI) are under pressure in Thursday's trading session following the release of its fiscal second-quarter results. The denim...

) are under pressure in Thursday's trading session following the release of its fiscal second-quarter results. The denim manufacturer fell short of sales expectations, despite the implementation of a new direct-to-consumer strategy aimed at reducing operational costs.

This is gonna be interesting to see how they lean into that up, 13% acceleration to Q One driven by strength and wholesale and ecommerce there.I don't know, maybe that's something that, uh, some of our other producers have bought into at this juncture.I, I never thought that that would be another strategy that we'd see deployed here once again.I've got some, uh, I've got some wide leg but I got them from mawe though.

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Prices for services pushed the annual rate of inflation up to 2.9 per cent in May, according to Statistics Canada.Guggenheim analyst Ronald Jewsikow started coverage of shares of electric-vehicle maker Rivian with a Buy rating and $18 price target.Amidst a landscape where the Canadian market shows resilience with steady economic growth and rising stock values, consumer sentiment remains tepid, reflecting a complex interplay of economic factors.

 

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Levi Falls After Reporting Revenue Slightly Below EstimatesDenim maker Levi Strauss & Co. fell in late trading after the company reported sales in its latest quarter that slightly missed expectations, underscoring Wall Street’s high expectations for the company.
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