2024-01-28 06:02:30 ET
Summary
- Levi reported mixed Q4 results on Thursday after the market close.
- The company’s Americas division notably returned to growth, led by the U.S. and double-digit growth in DTC.
- Included within the print was the announcement of Levi’s global productivity initiative, Project FUEL.
- Though shares swung between gains and losses immediately following the release, the market’s overall response to the results was generally muted.
- I still remain bullish on LEVI despite double-digit gains in the share price since my last update.
Popular denim maker, Levi Strauss ( LEVI ), reported its Q4 results on Thursday. Despite notable developments such as the announcement of a new global productivity initiative, as well as the official start of Michelle Gass’ tenure as CEO, markets appeared to shrug off LEVI’s report....
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Levi Q4 Earnings: Americas Returns To Growth, Shares Remain Attractive