LEVI Stock Recent News

Levi Strauss & Co. is evaluating the possible sale of its Dockers brand amid its transformation to a direct-to-consumer (D2C)-first retailer. Once a dominant name in khakis, Dockers has struggled to maintain its relevance in a marketplace driven by changing consumer preferences and the rise of athleisure, experts told PYMNTS.

Telsey Advisory Group analyst Dana Telsey reiterated the Outperform rating on Levi Strauss & Co LEVI, with an unchanged price forecast of $26.

Levi Strauss & Co. faces challenges with disappointing revenue and declining Dockers sales, but improved profitability through a focus on DTC sales and the Levi's brand. Despite underperformance, LEVI's gross margin hit a record 60%, with significant growth in DTC sales and a strong market position in denim. The company is divesting underperforming brands like Dockers to concentrate on high-growth brands, including Beyond Yoga, which saw a 19.3% sales increase.

U.S. stocks traded lower toward the end of trading, with the Dow Jones index falling more than 200 points on Thursday.

Shares of Levi Strauss & Co (LEVI, Financial) dropped by 7.19% today, with the stock price settling at $19.545. This decline follows the release of its third-quarter earnings report, which did not meet Wall Street's expectations.

Levi Strauss & Co.'s Q3 2024 results were disappointing, with flat earnings and downward revised guidance. DTC sales grew by 12%, driven by store openings, but wholesale sales declined, raising concerns about long-term margin sustainability. Project Fuel aims to boost DTC and reduce expenses but has incurred significant restructuring charges, questioning its cost-effectiveness.

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.