0.40% +0.045

Levi Strauss & Co. (LEVI)

Overview News Price History Option Chain Why LEVI Down? Discussions Forecast Dividend History

Why is Levi Strauss & Co. (LEVI) Stock down?

We've noticed a 7.68% decline in Levi Strauss & Co. (LEVI) stock during the 2024-04-02 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

07 Jul, 2023:

LEVI's stock fell 7.73% following a downward revision of its annual forecast. The company acknowledged the relevance of its inventory problems but attributed the reduction to lower-than-expected revenue and margin, as well as the impact of a strong dollar.

https://www.marketwatch.com/story/u-s-stock-futures-ease-ahead-of-jobs-report-ed3b6587

06 Apr, 2023:

Levi Strauss reported a lower profit in its fiscal first quarter compared to the previous year due to rising costs, including unfavorable currency fluctuations, higher product costs, and fewer full-priced sales. However, the company was able to partially offset the impact with lower air freight expenses and higher overall prices. As a result, Levi Strauss shares fell by over 14% to $15.43.

https://www.wsj.com/livecoverage/stock-market-news-today-04-06-2023/card/levi-stock-drops-after-company-reports-lower-profit-X0viHEY0Xdj16Gl3h02w#:~:text=The%20stock%20(LEVI)%20was%20recently,offset%20some%20of%20the%20impact.