Levi Strauss disappoints with sales despite consumer interest, beats EPS estimates, shares fall 12%.

From CNBC: 2024-06-26 16:36:50

Denim trend is hot, but Levi Strauss sales disappoint despite increased consumer interest. Earnings per share beats estimates at 16 cents adjusted, revenue slightly below at $1.44 billion. Shares fell 12% in extended trading. Sales rose 8% to $1.44 billion, but compared to easier sales period due to timing shift. Levi’s transitioning to third-party distribution. Direct sales show growth. CEO confident in DTC strategy.



Read more at CNBC:: Levi (LEVI) earnings Q2 2024