LEVI - Levi Strauss & Co. Is Overvalued Despite The Denim Trend In Course
2024-05-25 01:26:07 ET
Summary
- LEVI owns the famous Levi's jeans brand, the world's leading denim brand by sales. LEVI's jeans sales are more than double those of its closest competitor, KTB.
- Unfortunately, it seems LEVI has somewhat saturated its market, with indications that it has not been able to cross its ATH sales from the late 90s.
- In an effort to increase sales, LEVI has followed a strategy of moving downstream to DTC and diversifying into other brands and styles, with mixed results.
- The company's FY24 results, coupled with comments from other companies, indicate that denim is on trend again.
- However, the valuation asked for LEVI is difficult to justify.
Levi Strauss & Co. ( LEVI ) is an apparel manufacturer. The company owns the famous Levi's denim brand, along with Dockers and Beyond Yoga....
Levi Strauss & Co. Is Overvalued Despite The Denim Trend In Course