Levi Strauss & Company is a renowned global apparel company best known for its iconic denim jeans and casual wear
Established in 1850, the company designs, manufactures, and markets a wide range of clothing and accessories for men, women, and children, with an emphasis on innovation, sustainability, and quality craftsmanship. With a rich heritage rooted in American culture, Levi’s combines classic styles with contemporary trends, offering products that embody a lifestyle of comfort and individuality. The brand is dedicated to sustainable practices, enhancing its commitment to ethical sourcing and environmental stewardship while engaging with communities around the world.
Denim clothing company Levi's (NYSELEVI) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 12% year on year to $1.84 billion. Its non-GAAP profit of $0.50 per share was 3.7% above analysts’ consensus estimates.
Levi Strauss shares are down in premarket trading after the company issued a weaker FY25 outlook, projecting revenue declines of 1% to 2%. Levi reported strong Q4 results.
Over the past six months, Levi’s stock price fell to $17.31. Shareholders have lost 6.3% of their capital, which is disappointing considering the S&P 500 has climbed by 7.7%. This may have investors wondering how to approach the situation.
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As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at apparel and accessories stocks, starting with Levi's (NYSELEVI).
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Shares of denim clothing company Levi's (NYSELEVI)
jumped 5.2% in the morning session after data from Adobe Analytics, which tracks retail transactions, revealed that Shoppers spent a record $10.8 billion online on Black Friday (2024), representing more than a 10% growth compared to the previous year, and more than double what consumers spent in 2017. This is a bullish 'read-through' for retailers and aligns with some of the positive sentiments and holiday spending trends observed by some of the companies that have reported this earnings season.
Telsey Advisory Group maintains an Outperform rating on Levi Strauss, citing growth in the women's denim segment and cost-saving measures, despite adjusting the 2024 outlook due to market challenges.
On Wednesday, Levi Strauss & Co (NYSELEVI) issued a mixed quarterly report. While the iconic denim brand is doing great as far as its namesake brand and Beyond Yoga are concerned, but its Dockers business is another story, one that Levi is thinking to sell.
