Levi Strauss & Co.LEVIDON'T BUYApr 06, 2023Stock price when the opinion was issued
As of Nov 02, 2026. Market Open.
They reported a mixed quarter in early August with light sales in direct to consumer. The bottom line beat mostly from tariff refunds. Also, guidance was disappointing. Shares fell, but have since rallied over 20% from that low. It's still cheap at 14x PE, pays a 2.8% dividend and buying lots of shares.
Today, it reported an earnings and sales beat, but shares fell 16%. They lowered their full-year gross margin outlook a lot, but didn't touch earnings guidance. Also, they forecast a sales decline around 8-12% this quarter.