What's Going On With Levi Strauss Stock After Earnings?
Portfolio Pulse from Erica Kollmann
Levi Strauss & Co (NYSE:LEVI) shares fell after reporting lower-than-expected Q3 revenue and issuing fiscal 2024 earnings guidance below estimates. The company is considering selling its Dockers brand to focus on Levi's and Beyond Yoga. Analysts adjusted price targets but maintained positive ratings.
October 03, 2024 | 3:25 pm
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Levi Strauss reported Q3 revenue below expectations and issued lower fiscal 2024 earnings guidance. The company is considering selling its Dockers brand to focus on core operations. Analysts adjusted price targets but maintained positive ratings.
Levi Strauss reported lower-than-expected Q3 revenue and issued fiscal 2024 earnings guidance below estimates, leading to a 7.22% drop in stock price. The potential sale of the Dockers brand indicates a strategic shift. Analysts adjusted price targets, reflecting cautious optimism.
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