News Formal

Levi Strauss shares surge 18% on raised profit guidance, holiday earnings beat

  • 📰 NBCDFW
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

News Nyheter

Sverige Senaste nytt,Sverige Rubriker

Shares of Levi Strauss surged after the company said its profits will be higher than expected in fiscal 2024 thanks to cost cuts, layoffs and fewer promotions.

Shares of Levi Strauss popped 18% after it told Wall Street its profits will be higher than expected in fiscal 2024.

Levi's is also seeing record amounts of sales happening online and through its own shops instead of through department stores like Macy's and Kohl's, which come at a lower margin.Late Wednesday, Levi's announced its fiscal first quarter earnings and said it expects adjusted earnings per share for fiscal 2024 to be between $1.17 and $1.27, up from a previous range of $1.15 to $1.25.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 288. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Levi Strauss's Direct-to-Consumer Business Booms, Accounts for Nearly 50% of RevenueLevi Strauss's direct-to-consumer business is booming and now accounts for nearly 50% of all revenue. The shift comes as department stores face an uncertain future in the U.S. and Levi's looks to grow its stores and website.
Källa: NBCNewYork - 🏆 270. / 63 Läs mer »

Stocks making the biggest moves premarket: Levi Strauss, Intuitive Machines, Wayfair and moreThese are the stocks posting the largest moves in premarket trading.
Källa: CNBC - 🏆 12. / 72 Läs mer »