Levi Strauss Stock Slumps After Slight Revenue Miss
Levi Strauss & (LEVI) Investopedia·2024-06-27 23:50
Key TakeawaysLevi Strauss narrowly missed second-quarter sales forecasts as its Dockers brand underperformed.Levi Strauss affirmed its full-year revenue and adjusted earnings per share (EPS) outlook, but Goldman Sachs analysts were disappointed the company didn't raise its guidance.Shares had risen roughly 40% in 2024 through Wednesday's close but sank 17% in intraday trading Thursday. Shares of Levi Strauss (LEVI) cratered Thursday, a day after the jeans maker missed sales estimates and kept its guidance s ...