BUZZ - Preview: Levi's shares decline, market focuses on high-end jeans sales
路透社2026/10/07 16:46On Wednesday, October 7, Levi Strauss (LEVI.N) shares fell 4.3% to $19.65 ahead of the company's quarterly earnings release after the market close. With consumer spending becoming more cautious, investors are closely watching the company's progress in entering the premium jeans market. According to data from the London Stock Exchange Group (LSEG), the apparel manufacturer—known for its jeans and casual wear—is expected to report third-quarter revenue growth of about 5% year-on-year to $1.62 billion, with adjusted earnings per share at $0.36, higher than last year's $0.34. Last quarter, the company raised its annual sales forecast, betting that its premium jeans would attract high-income consumers, though its earnings outlook disappointed some investors. Jefferies, in a preview report, anticipated the third-quarter results would be "solid" given strong demand for jeans, and pointed out that the appointment of a new chief financial officer signals continued focus on future global growth. On September 30, Levi's announced the appointment of John Vandemore as chief financial officer, effective November 1, 2026; Vandemore previously worked at Skechers, where he served as corporate controller and led the global finance team for the past nine years. In response to this news, Levi's shares have declined about 5% year-to-date and approximately 20% over the past 12 months. Out of 16 brokerage firms, 13 rate the stock as "strong buy" or "buy," while 3 have it as "hold"; the median target price remains at $27, unchanged over the last three months.
October 7 - ** On Wednesday, Levi Strauss (LEVI.N) shares fell 4.3% to $19.65. The company is set to release quarterly earnings after the bell, and with consumer spending turning cautious, investors are closely watching its progress in expanding into the premium jeans market.
** According to data from the London Stock Exchange Group (LSEG), the clothing manufacturer, famous for its jeans and casual wear, is expected to report third-quarter revenue up about 5% year-on-year to $1.62 billion, with adjusted earnings per share of $0.36, ahead of $0.34 a year ago.
** In the previous quarter, the company (link) raised its full-year sales outlook, betting its premium jeans would attract high-income consumers, but some investors were disappointed by its profit outlook.
** Jefferies said in a preview report that it expects third-quarter results to be "solid," citing strong demand for jeans, and noted that the appointment of the new Chief Financial Officer suggests the company will maintain its focus on future global growth.
** On September 30, Levi's announced (link) the appointment of John Vandemore as Chief Financial Officer, effective November 1, 2026; Vandemore previously worked at Skechers, serving as the company's Corporate Controller for the past nine years and leading its global finance team.
** As a result of this news, Levi's shares are down about 5% year-to-date and about 20% over the past twelve months.
** Of 16 brokerages, 13 rate the stock as "Strong Buy" or "Buy," while 3 rate it "Hold." The median price target is $27, unchanged over the past three months.
(To assist non-English speakers, Reuters has automated translation of its reports into several other languages. Because automated translation may contain errors or fail to capture the necessary context, Reuters does not guarantee the accuracy of the translated text, which is provided solely for reader convenience. Reuters accepts no responsibility for any harm or loss arising from the use of automated translation.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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