Why Levi Strauss & Co. Stock Just Crashed 16% [Yahoo! Finance]
Levi Strauss & Co Class A (LEVI)
Last levi strauss & co class a earnings: 4/7 04:15 pm
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Source: Yahoo! Finance
Heading into earnings, analysts forecast the blue jeans maker would earn only $0.11 per share on $1.45 billion in second-quarter 2024 sales. In fact, Levi earned $0.16 per share -- nearly 50% more than expected -- while sales came in close to the mark at $1.44 billion. Wait. Levi earned more than it was supposed to despite selling less stuff? What's wrong with that? Levi Strauss' Q2 earnings Well, first of all, what's wrong is that Levi didn't actually earn $0.16 at all. Turns out this was a pro forma number and, when calculated according to generally accepted accounting principles ( GAAP ), Levi's real profit was only $0.04 per share. That's better than the breakeven profits Levi reported a year ago, but still kind of disappointing. That being said, Levi did grow sales 8% year over year, and did report a record gross profit margin of 60.5%, leading to the earnings improvement, a fact management attributed to its "transformational pivot to operating as a [direct-to-consumer
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News
- Levi Strauss & Co: Rating Downgrade As Upside Is No Long Attractive [Seeking Alpha]Seeking Alpha
- Levi Strauss & Co. (NYSE:LEVI) Q2 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Western clothing craze sends sales of denim dresses and skirts soaring, Levi Strauss says [CNBC]CNBC
- Presidential debate, Levi Strauss CFO: Catalysts Thu, Jun 27, 2024, 9:29 PM GMT+2 0 Video Transcript Advertisement Up next McDonald's needs consistency in value meal messaging: Analyst Thu, Jun 27, 2024, 10:33 PM GMT+2 0 Video Transcript Advertisement UpAcquire Media Monitor
- Levi Strauss & Co. (NYSE: LEVI) had its price target raised by analysts at Bank of America Co. from $19.00 to $22.00. They now have a "neutral" rating on the stock.MarketBeat
LEVI
Earnings
- 6/26/24 - Beat
LEVI
Sec Filings
- 6/26/24 - Form 8-K
- 6/26/24 - Form 10-Q
- 6/6/24 - Form 4
- LEVI's page on the SEC website