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-0.00499999999999998 -0.00203597122302157 7.19424460429978E-06 0.00718705035971222 -0.00287769784172656 -0.0107913669064748 -0.0035971223021582 0.00575539568345324
Stock impact report

Levi Strauss beats quarterly sales estimates on steady denim demand [Yahoo! Finance]

Levi Strauss & Co Class A (LEVI) 
Last levi strauss & co class a earnings: 4/7 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
denims and a diverse supply chain to navigate an escalating trade war that has hit footwear and apparel retailers. The company has seen demand for wide-legged and skinny jeans hold up — a trend in line with rivals such as Abercrombie & Fitch and Gap — despite shoppers being selective in spending on discretionary items. The retailer posted a 3% rise in reported quarterly revenue from continuing operations to $1.53 billion, which excluded sales from its Dockers brand. Analysts, on average, were expecting a 1% drop to $1.54 billion, as per data compiled by LSEG. Gross margin increased 330 basis points to 62.1% for the three months ended March 2, from 58.8% last year, driven by lower product costs and a strong direct-to-consumer channel. As part of its plan to streamline operations, Levi said last October it was exploring a sale of Dockers, which has seen demand struggle. "While we recognize that we are operating in an uncertain environment, our global footprint, strong margin s Show less Read more
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