Levi Strauss shares surge 18% on raised profit guidance, holiday earnings beat
Publishing timestamp: 2024-04-04 11:23:54
Summary
Levi Strauss shares surged 18% after the company announced higher than expected profits for fiscal 2024. The company is cutting costs, increasing efficiencies, and focusing on online and own shop sales to boost profits. Analysts are optimistic about Levi's future growth potential.
Sentiment: POSITIVE
Keywords: macy's inc, levi strauss & co, earnings, breaking news: business, kohls corp drn, retail industry, business, business news,
Source: https://www.cnbc.com/2024/04/04/shares-of-levi-strauss-surge-18percent-on-q1-2024-earnings.html