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Stock impact report

Levi Strauss CFO: 'We are honored' to partner with Beyoncé [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
The denim manufacturer announced its partnership with the music megastar, whose most recent "Cowboy Carter" album featured a song called "Levii's Jeans," just before reporting third quarter earnings results. "We are honored that we are partnering with a global icon like Beyoncé, ... somebody who stands for empowering women and somebody whose values align with ours," Levi Strauss & Co. CFO Harmit Singh told Yahoo Finance on Thursday. "And so, our view is ... this is a win-win for both Beyoncé as well as us." Levi Strauss stock moved 8% higher in the week after it teased the brand partnership with the all-time leading Grammy winner on Sept. 23 . But shares of Levi's dropped 7.6% in the trading session following its third quarter earnings report after the company dampened investor expectations for fourth quarter revenue and said it was looking to offload its struggling Docker's pants business. Levi Strauss & Co. (LEVI) Beyoncé partnership 'reinforces our focus' on women's appare Show less Read more
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