Levi Strauss stock trades lower on weak 2024 forecast

By A Mystery Man Writer

Shares of Levi Strauss & Co. (LEVI) are trending down after the company reported fourth-quarter earnings that missed analysts' estimates. While the jeans and clothing maker revealed that net revenue increased 3% to $1.6 billion during the quarter, it also noted that it expects full-year net revenue growth of between 1% and 3%.  In addition, on Thursday Levi Strauss announced that it will lay off at least 10% of its global corporate workforce as a part of a restructuring. Yahoo Finance anchors Josh Lipton and Julie Hyman break down the latest development for the company and what it could mean for it going forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
Shares of Levi Strauss & Co. (LEVI) are trending down after the company reported fourth-quarter earnings that missed analysts' estimates. While the jeans and clothing maker revealed that net revenue increased 3% to $1.6 billion during the quarter, it also noted that it expects full-year net revenue growth of between 1% and 3%. In addition, on Thursday Levi Strauss announced that it will lay off at least 10% of its global corporate workforce as a part of a restructuring. Yahoo Finance anchors Josh Lipton and Julie Hyman break down the latest development for the company and what it could mean for it going forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
Shares of Levi Strauss & Co. (LEVI) are trending down after the company reported fourth-quarter earnings that missed analysts' estimates. While the jeans and