NYSE:LEVI - New York Stock Exchange, Inc. - US52736R1023 - Common Stock
Over the past six months, Levi’s stock price fell to $17.31. Shareholders have lost 6.3% of their capital, which is disappointing considering the S&P 500 has climbed by 7.7%. This may have investors wondering how to approach the situation.
Let’s dig into the relative performance of VF Corp (NYSE:VFC) and its peers as we unravel the now-completed Q3 apparel and accessories earnings season.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at apparel and accessories stocks, starting with Levi's (NYSE:LEVI).
Levi Strauss generated a record 60% gross margin in the third quarter of 2024, up 440 bps YoY, helped by trimming inventories by 7% YoY.
Levi's CFO explained why its new denim marketing campaign with cultural icon Beyoncé is a win-win for both partners.
Levi Strauss didn't beat earnings in Q3. It won't in Q4, either.