Levi Strauss Is Proof That Denim Is As Fashionable As Ever [Yahoo! Finance]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: Yahoo! Finance
brand and Beyond Yoga are concerned, but its Dockers business is another story, one that Levi is thinking to sell. On a brighter note, by focusing on direct selling and turning away from wholesellers like Macy's Inc (NYSE: M ), aided by lower cotton costs, Levi grew its gross margin. Fiscal Third Quarter Highlights During the quarter ended on August 25th, Levi reported sales grew 5%, which is the biggest increase in two years. However, overall revenue was flat at $1.52 billion and below LSEG's consensus estimate of $1.55 billion. The Dockers brand reported sales contracted by as much as 15% as they brought in $73.7 million. On the other hand, Beyond Yoga reported 19% growth as sales grew to $32.2 million. With lower cotton costs and without any need to mark down its products to sell them like Macy's and its magical sales, Levi grew its gross margin by 4.4 percentage points thanks to its direct selling strategy with which it is less reliant on wholesalers like Macy's. Once ‘the w
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News
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M
Earnings
- 8/21/24 - Beat
M
Sec Filings
- 10/2/24 - Form 4
- 10/2/24 - Form 4
- 10/2/24 - Form 4
- M's page on the SEC website