News Formal

Levi Strauss slumps on second-quarter revenue miss as wholesale business remains weak

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 21 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Levi Strauss News

Wholesale Business

'It was a good quarter but expectations were high with category tailwinds expected to drive strong results,' said Citi Research analyst Paul Lejuez, adding...

FILE PHOTO: Levi Strauss & Co. store at the Woodbury Common Premium Outlets in Central Valley, New York

"It was a good quarter but expectations were high with category tailwinds expected to drive strong results," said Citi Research analyst Paul Lejuez, adding that the wholesale business is still holding the company back. Levi Strauss' median price-to-earnings multiple for the next 12 months, a common benchmark for valuing stocks, is 16.8, above the industry median of 14.2, according to LSEG data.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks close in the green, Micron, Levi Strauss earnings: Market Domination OvertimeAll three of the market averages (^GSPC, ^DJI, ^IXIC) closed Wednesday in the green, the Nasdaq Composite moving half of a percent higher after facing some...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »