Why Levi Strauss Stock Is Sinking After Hours
Portfolio Pulse from Ryan Gustafson
Levi Strauss & Co (NYSE:LEVI) reported Q3 earnings of 28 cents per share, beating the analyst consensus estimate of 27 cents, but marking a 30% decrease YoY. Quarterly sales were $1.51 billion, missing the analyst consensus estimate of $1.54 billion. The company anticipates fiscal 2023 adjusted diluted EPS to be on the low-end of the previously guided range of $1.10 to $1.20. Shares of LEVI were down 3.10% in the after-hours session.
October 05, 2023 | 8:46 pm
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Levi Strauss reported a YoY decrease in Q3 earnings and missed sales estimates. The company also anticipates lower fiscal 2023 EPS. This resulted in a 3.10% drop in after-hours trading.
Levi Strauss reported lower than expected sales and a decrease in earnings YoY. The company also anticipates lower EPS for fiscal 2023. These factors are likely to negatively impact investor sentiment, leading to a decrease in the stock price.
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