Levi Strauss Stock Spirals on Revenue Miss: What to Know

Levi Strauss stock is lower Thursday after the denim company's top line missed estimates amid a "cautious" consumer environment.

closeup of Levi's logo on a storefront sign
(Image credit: Gary Hershorn/Getty Images)

Levi Strauss (LEVI) stock is down more than 16% in Thursday's session after the denim giant came up just short of analysts' revenue expectations for its fiscal second quarter.

In the three months ended May 31, Levi said revenue increased 7.8% year-over-year to $1.44 billion, which included an 8.2% rise in its direct-to-consumer (DTC) segment sales to $672.5 million. Its earnings per share (EPS) rose to 16 cents from 4 cents in the year-ago period.

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Joey Solitro

Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience. A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks. Joey holds a bachelor's degree in business administration.