2024-04-04 22:53:50 ET
Summary
- Levi Strauss & Co has underperformed the market and consumer discretionary sector in the past year, despite a jump in share price after earnings results.
- Sales declined 8% due to one-time impacts, but excluding these factors, net sales would have been flat compared to the prior year.
- Profitability has improved with an expansion in gross margin, but operating margin has declined due to restructuring charges. Valuation is relatively high compared to peers.
Levi Strauss & Co. ( LEVI ) is a well-known brand all around the globe for their jeans and denim products. The firm has underperformed the broader market and also the consumer discretionary sector in the past twelve months, even though there has been a significant jump in the share price after the earnings results came in better than expected ....
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Levi Strauss: The Recent Jump In Price May Be An Overreaction