Levi Strauss Q2: Not Bad Despite The Market Reaction, Still Optimistic And A Hold
LEVILevi Strauss & (LEVI) Seeking Alpha·2024-06-28 00:23
banjongseal324 Levi Strauss & Co. (NYSE:LEVI) reported Q2 2024 earnings yesterday. The results were not bad, with revenue slightly up on an absolute basis and adjusted operating income significantly up. However, the market did not like the results, and the stock opened down 20%.  This article analyzes the company's results and earnings call. I started covering Levi in May 2024 with a Hold rating. The rating was based on an elevated multiple compared to the company's growth potential. In part, these conc ...