LEVI Stock Recent News

Teaming up with Beyonce could help supercharge our sales, particularly in the women's category, Michelle Gass – the chief executive of Levi Straus & Co (NYSE: LEVI) argued in a recent interview with Jim Cramer.

Levi Strauss (LEVI) has shown a 36% return over two years, but the S&P 500 has outperformed it, making it a sub-par choice. The company has strong financials, a solid leadership team, and a robust product portfolio, with revenues nearing $6B annually. Levi's growth plan aims for a 9-10% annual shareholder return through cost restructuring, margin expansion, and increased DTC sales.

Levi Strauss didn't beat earnings in Q3. It won't in Q4, either.

Levi Strauss & Co. President and CEO Michelle Gass says the brand is strong and she expects the business to grow to $10 billion in sales over time. The clothing retailer lowered its full-year sales outlook, but Gass says there's a lot of strength in the business.

Levi Strauss (LEVI, Financial) shares dropped 8% following its Q3 earnings report, which showed modest EPS growth but only a 0.4% year-over-year revenue increase to $1.52 billion. This was slightly below expectations.

Shares of Levi Strauss (LEVI) plunged in early trading Thursday after the jeans maker announced it may sell its Dockers brand as it delivered mixed third-quarter results.

Levi Strauss' shares slumped about 11% in premarket trading on Thursday after it forecast tepid holiday quarter revenue as the denim maker grapples with weak demand from retailers with consumers paring back spending.

Levi Strauss & Co (NYSE:LEVI) has initiated a formal review of strategic alternatives for its Dockers brand, which includes a potential sale of the chino brand. The company announced the move as part of efforts to address areas of underperformance.

Levi Strauss & Co. (NYSE:LEVI ) Q3 2024 Earnings Conference Call October 2, 2024 5:00 PM ET Company Participants Aida Orphan - Vice President of Investor Relations Michelle Gass - President and Chief Executive Officer Harmit Singh - Executive Vice President and Chief Financial and Growth Officer Conference Call Participants Robert Drbul - Guggenheim Securities Matthew Boss - JPMorgan Oliver Chen - TD Cowen Ike Boruchow - Wells Fargo Brooke Roach - Goldman Sachs Jay Sole - UBS Laurent Vasilescu - BNP Paribas Operator Good day, ladies and gentlemen, and welcome to the Levi Strauss & Company Third Quarter Fiscal 2024 Earnings Conference Call for the period ending August 25, 2024. All parties will be in a listen-only mode until the question-and-answer session, at which time instructions will follow.

Levi Strauss President and CEO Michelle Gass joins 'Mad Money' host Jim Cramer to talk the strategic review of Dockers, quarterly results, consumer trends and more.