LEVI - Why Levi Strauss and Company Shares Are Trading Lower Thursday | Benzinga
Levi Strauss and Co. (NYSE:LEVI) shares are moving lower Thursday after the company announced mixed quarterly financial results and issued soft 2024 fiscal-year EPS guidance.
What Happened: On Wednesday after the market closed, Levi announced 2024 fiscal-year second quarter financial earnings. The company reported adjusted EPS of 16 cents, beating analyst estimates of 11 cents and sales of $1.44 billion missing analyst estimates of $1.45 billion.
“We are pleased to have delivered earnings that significantly exceeded expectations ...