Levi's Results Warn That Grinch Could Actually Steal Christmas This Year
Portfolio Pulse from Upwallstreet
Levi Strauss & Co (NYSE:LEVI) reported lower than expected Q3 earnings and cut its annual outlook again due to weaker shopping trends at department stores and big-box retailers across the U.S such as Macy’s Inc (NYSE:M), Kohl’s Corporation (NYSE:KSS) and Target Corporation (NYSE:TGT). Levi's Q3 revenue was $1.51 billion, short of the $1.54 billion estimate. The company now expects full-year net revenues to be flat to up 1% YoY, down from its previous 1.5% to 2.5% growth range.
October 06, 2023 | 2:15 pm
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NEGATIVE IMPACT
Kohl’s is experiencing weaker shopping trends, impacting Levi's earnings.
Kohl’s is experiencing weaker shopping trends, which is impacting Levi's earnings. This could negatively impact Kohl's stock price in the short term.
CONFIDENCE 100
IMPORTANCE 75
RELEVANCE 75
NEGATIVE IMPACT
Levi's reported lower than expected Q3 earnings and cut its annual outlook again.
Levi's reported lower than expected Q3 earnings and cut its annual outlook again, indicating a weaker financial performance. This could negatively impact the company's stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Macy’s is experiencing weaker shopping trends, impacting Levi's earnings.
Macy’s is experiencing weaker shopping trends, which is impacting Levi's earnings. This could negatively impact Macy's stock price in the short term.
CONFIDENCE 100
IMPORTANCE 75
RELEVANCE 75
NEGATIVE IMPACT
Target is experiencing weaker shopping trends, impacting Levi's earnings.
Target is experiencing weaker shopping trends, which is impacting Levi's earnings. This could negatively impact Target's stock price in the short term.
CONFIDENCE 100
IMPORTANCE 75
RELEVANCE 75