Levi's 3Q Seen as Mixed -- Market Talk
Dow Jones2026/10/08 15:481148 ET - Levi Strauss's most recent quarter was "a little messy," Raymond James analysts say. The denim company's direct-to-consumer results were a bit softer than expected because U.S. products didn't resonate with shoppers and there wasn't enough inventory in key low-rise styles, the analysts say. Levi is reinvesting some of its tariff refunds into the business and the business has started to improve, however. The analysts also debate whether elevated spending on marketing and promotions will persist into the next fiscal year and weigh on profitability. Shares are down 3.6%. (katherine.hamilton@wsj.com) (END) Dow Jones Newswires October 08, 2026 11:48 ET (15:48 GMT)
1148 ET - Levi Strauss's most recent quarter was "a little messy," Raymond James analysts say. The denim company's direct-to-consumer results were a bit softer than expected because U.S. products didn't resonate with shoppers and there wasn't enough inventory in key low-rise styles, the analysts say. Levi is reinvesting some of its tariff refunds into the business and the business has started to improve, however. The analysts also debate whether elevated spending on marketing and promotions will persist into the next fiscal year and weigh on profitability. Shares are down 3.6%. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
October 08, 2026 11:48 ET (15:48 GMT)
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.
You may also like
Trader Gu Jingci: Midterm elections concluded, awaiting market signals
Diamondback (FANG.US): Permian Basin will become the largest natural gas producing region in the United States by the 2030s
Diamondback Energy (FANG.US) stated that the Permian Basin, the site of the highest oil production in the United States, will also become the country's largest natural gas production area sometime in the 2030s.
Disney (DIS.US) reportedly plans to lay off thousands of employees, with some managers being asked to save 20% of annual costs.
According to informed sources, Disney (DIS.US) is planning to lay off thousands of employees. The entertainment giant has asked some managers to set their annual cost-saving targets at 20%.
South Korea launches record-breaking budget for AI: 4.7 trillion won to build a "global highest-performance" sovereign model
South Korean President Lee Jae-myung has announced the largest fiscal budget in history—820.9 trillion won, representing a 12.8% surge from the previous year. The investment in AI and semiconductor initiatives will double to 1 trillion won, with an additional 4.7 trillion won allocated specifically for developing a "world’s highest-performance" sovereign AI model. Robust exports provide real support for these ambitions: South Korea’s exports in October alone soared by 93.7% to a record $115.3 billions, with annual exports on the brink of surpassing the $1 trillions milestone.
Crypto prices
More
