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home / news releases / levi strauss q2 not bad despite the market reaction

LEVI - Levi Strauss Q2: Not Bad Despite The Market Reaction Still Optimistic And A Hold

Levi Strauss & Co Class A

2024-06-27 12:23:05 ET

Summary

  • Levi Strauss & Co. reported Q2 2024 earnings with revenue slightly up and adjusted operating income significantly up, but the stock opened down 20%.
  • Despite the disappointing stock performance, Levi's results were not bad, with revenue growth driven by DTC expansion in North America.
  • The stock is still a Hold due to an elevated multiple on adjusted earnings that is not justified by the company's growth prospects.

Levi Strauss & Co. ( LEVI ) reported Q2 2024 earnings yesterday. The results were not bad, with revenue slightly up on an absolute basis and adjusted operating income significantly up. However, the market did not like the results, and the stock opened down 20%. ...

For further details see:

Levi Strauss Q2: Not Bad Despite The Market Reaction, Still Optimistic And A Hold
Stock Information
Company Name: Levi Strauss & Co Class A
Stock Symbol: LEVI
Market: NYSE
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