Levi Strauss & Co (LEVI) Stock

Levi Strauss & Co. is evaluating the possible sale of its Dockers brand amid its transformation to a direct-to-consumer (D2C)-first retailer. Once a dominant name in khakis, Dockers has struggled to maintain its relevance in a marketplace driven by changing consumer preferences and the rise of athleisure, experts told PYMNTS.

Levi Strauss & Co. (LEVI) stock tumbles after the company trimmed its full-year outlook. Harmit Singh, Levi Strauss & Co.'s chief financial and growth officer, joins Seana Smith and Brad Smith along with Yahoo Finance's Executive Editor Brian Sozzi on Catalysts to discuss the company's quarterly results and what it says about the health of consumer spending.

Shares of Levi Strauss & Co (LEVI, Financial) dropped by 7.19% today, with the stock price settling at $19.545. This decline follows the release of its third-quarter earnings report, which did not meet Wall Street's expectations.

Teaming up with Beyonce could help supercharge our sales, particularly in the women's category, Michelle Gass – the chief executive of Levi Straus & Co (NYSE: LEVI) argued in a recent interview with Jim Cramer.

Levi Strauss & Co. President and CEO Michelle Gass says the brand is strong and she expects the business to grow to $10 billion in sales over time. The clothing retailer lowered its full-year sales outlook, but Gass says there's a lot of strength in the business.

Levi Strauss & Co. (LEVI, Financial) recently experienced a 7.45% drop in its stock price, bringing it below the $20 mark. The company is reportedly contemplating the potential sale of its Dockers brand.

Levi Strauss & Co. (NYSE:LEVI ) Q3 2024 Earnings Conference Call October 2, 2024 5:00 PM ET Company Participants Aida Orphan - Vice President of Investor Relations Michelle Gass - President and Chief Executive Officer Harmit Singh - Executive Vice President and Chief Financial and Growth Officer Conference Call Participants Robert Drbul - Guggenheim Securities Matthew Boss - JPMorgan Oliver Chen - TD Cowen Ike Boruchow - Wells Fargo Brooke Roach - Goldman Sachs Jay Sole - UBS Laurent Vasilescu - BNP Paribas Operator Good day, ladies and gentlemen, and welcome to the Levi Strauss & Company Third Quarter Fiscal 2024 Earnings Conference Call for the period ending August 25, 2024. All parties will be in a listen-only mode until the question-and-answer session, at which time instructions will follow.

While the top- and bottom-line numbers for Levi Strauss (LEVI) give a sense of how the business performed in the quarter ended August 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Levi Strauss (LEVI) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.28 per share a year ago.