Levi Strauss shares fall on sluggish holiday quarter forecast

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Levi Strauss shares fall on sluggish holiday quarter forecast
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The company, whose stock has risen about 27% so far this year and was trading at $18.77 premarket, also said on Wednesday it was considering a sale of its...

- Levi Strauss ' shares slumped about 11% in premarket trading on Thursday after it forecast tepid holiday quarter revenue as the denim maker grapples with weak demand from retailers with consumers paring back spending.

Dockers' sales dropped 15% for the third quarter. Levi, which is in the midst of a turnaround strategy, is now looking to focus on its core denim clothing. "We acknowledge room for greater consistency to return to the long-term revenue growth target, which remains the key pushback from investors," TD Cowen analyst Oliver Chen said.Presenter Laura Kuenssberg said the programme would not go ahead because she had accidentally sent the former prime minister her briefing notes.

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NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA MEDFORD, Wis., Oct. 03, 2024 -- Green Light Metals Inc. is pleased to announce that an application has been filed with the TSX Venture Exchange to list the common shares of GreenLight on the Exchange.

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