Levi Strauss Stock Plummets On Mixed Q2 Results, Weak Guidance: The Details
Portfolio Pulse from Erica Kollmann
Levi Strauss & Co (NYSE:LEVI) reported mixed Q2 results with earnings beating estimates but sales slightly missing expectations. Despite positive growth in DTC and e-commerce, weak guidance for fiscal year 2024 led to a 12.85% drop in after-hours trading.
June 26, 2024 | 8:56 pm
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Levi Strauss reported mixed Q2 results with earnings beating estimates but sales missing slightly. Despite strong growth in DTC and e-commerce, weak guidance for fiscal year 2024 led to a significant drop in after-hours trading.
The mixed Q2 results, with earnings beating but sales missing estimates, combined with weak guidance for FY24, have led to a negative market reaction. The significant drop in after-hours trading reflects investor concerns about future growth.
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