Levi Strauss exceeded Wall Street's expectations for its second quarter, reporting adjusted earnings per share of 28 cents versus the expected 24 cents, and revenue of $1.56 billion compared to the anticipated $1.52 billion. The company raised its full-year earnings per share guidance to $1.46-$1.52 and sales growth forecast to 7%-7.5%, driven equally by higher prices and increased unit sales. Despite strong results and raised guidance, Levi's shares fell over 5% in after-hours trading. CEO Michelle Gass highlighted resilient consumer demand across core and premium product lines, supporting confidence in the company's outlook and dividend increase.
Wall Street investors are focused on the start of the second-quarter earnings season, the Federal Reserve's June meeting minutes, and key economic data releases this week. The Fed minutes are expected to reveal how policymakers balance inflation risk...
SpaceX's IPO quiet period ends this week, allowing analysts to publish ratings as the stock joins the Nasdaq 100. Options trading shows strong bullish sentiment, with calls at $180 and $190 implying an 11-17% upside. PepsiCo reports earnings amid mix...
U.S. stock indices remain strong above their 52-week averages as investors await the Federal Reserve's June meeting minutes for clues on future interest rate moves. Early second-quarter earnings reports from major companies like PepsiCo, Delta Air Li...
