BUZZ - Preview: Levi's shares decline, market focuses on high-end jeans sales
路透社2026/10/07 16:46On Wednesday, October 7, Levi Strauss (LEVI.N) shares fell 4.3% to $19.65 ahead of the company's quarterly earnings release after the market close. With consumer spending becoming more cautious, investors are closely watching the company's progress in entering the premium jeans market. According to data from the London Stock Exchange Group (LSEG), the apparel manufacturer—known for its jeans and casual wear—is expected to report third-quarter revenue growth of about 5% year-on-year to $1.62 billion, with adjusted earnings per share at $0.36, higher than last year's $0.34. Last quarter, the company raised its annual sales forecast, betting that its premium jeans would attract high-income consumers, though its earnings outlook disappointed some investors. Jefferies, in a preview report, anticipated the third-quarter results would be "solid" given strong demand for jeans, and pointed out that the appointment of a new chief financial officer signals continued focus on future global growth. On September 30, Levi's announced the appointment of John Vandemore as chief financial officer, effective November 1, 2026; Vandemore previously worked at Skechers, where he served as corporate controller and led the global finance team for the past nine years. In response to this news, Levi's shares have declined about 5% year-to-date and approximately 20% over the past 12 months. Out of 16 brokerage firms, 13 rate the stock as "strong buy" or "buy," while 3 have it as "hold"; the median target price remains at $27, unchanged over the last three months.
October 7 - ** On Wednesday, Levi Strauss (LEVI.N) shares fell 4.3% to $19.65. The company is set to release quarterly earnings after the bell, and with consumer spending turning cautious, investors are closely watching its progress in expanding into the premium jeans market.
** According to data from the London Stock Exchange Group (LSEG), the clothing manufacturer, famous for its jeans and casual wear, is expected to report third-quarter revenue up about 5% year-on-year to $1.62 billion, with adjusted earnings per share of $0.36, ahead of $0.34 a year ago.
** In the previous quarter, the company (link) raised its full-year sales outlook, betting its premium jeans would attract high-income consumers, but some investors were disappointed by its profit outlook.
** Jefferies said in a preview report that it expects third-quarter results to be "solid," citing strong demand for jeans, and noted that the appointment of the new Chief Financial Officer suggests the company will maintain its focus on future global growth.
** On September 30, Levi's announced (link) the appointment of John Vandemore as Chief Financial Officer, effective November 1, 2026; Vandemore previously worked at Skechers, serving as the company's Corporate Controller for the past nine years and leading its global finance team.
** As a result of this news, Levi's shares are down about 5% year-to-date and about 20% over the past twelve months.
** Of 16 brokerages, 13 rate the stock as "Strong Buy" or "Buy," while 3 rate it "Hold." The median price target is $27, unchanged over the past three months.
(To assist non-English speakers, Reuters has automated translation of its reports into several other languages. Because automated translation may contain errors or fail to capture the necessary context, Reuters does not guarantee the accuracy of the translated text, which is provided solely for reader convenience. Reuters accepts no responsibility for any harm or loss arising from the use of automated translation.)
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
BUZZ - U.S. regulators’ investigation sparks concerns over regulatory scrutiny, agricultural equipment manufacturers’ stock prices decline
October 7 — Concern over increased scrutiny by US regulators on dealer networks and repair practices led to a decline in agricultural machinery manufacturers' stock prices. The Federal Trade Commission and the US Department of Agriculture are seeking public comments on whether agricultural equipment manufacturers and dealers are engaging in anti-competitive practices or restricting repair channels. The probe also focuses on limitations in dealer networks and industry consolidation, areas that could prompt wider regulatory examination of the agricultural equipment sector. Caterpillar (CAT.N) shares fell 6% to $811.44, making it one of the biggest decliners in the S&P 500 index. By midday trading, CNH Industrial CNH.N was down 6% to $12.47, Deere & Company DE.N fell 3.5% to $658.90, and AGCO AGCO.N dropped 6.3% to $108.91. Including these daily changes, the S&P 1500 Agricultural & Farm Machinery Index .SPCOMAGFM has risen 42.6% so far this year. (For the convenience of non-English speakers, Reuters has automated translations of its reports into several other languages. Due to the possibility of inaccuracies or a lack of full context, Reuters does not guarantee the accuracy of the automated translations and provides them only for reader convenience. Reuters accepts no responsibility for any damage or loss arising from the use of automated translation features.)
BUZZ-Preview: PepsiCo earnings per share expected to be flat, investors focus on consumer spending
On October 7th, PepsiCo (PEP.O) shares fell by 1.4%, closing at $124.02. The company will release its quarterly earnings before market open on Thursday, and investors are closely watching for signs of pressure from tightening consumer budgets. According to data from the London Stock Exchange Group (LSEG), Wall Street expects the carbonated beverage and snack giant's Q3 revenue to grow approximately 4% year-on-year to $24.96 billions, with adjusted earnings per share (EPS) at $2.29, unchanged from a year ago. Last quarter, PEP's revenue exceeded expectations but the company warned that performance in North America would slow due to tighter consumer budgets. Facing cost pressures and the threat from GLP-1 weight-loss drugs, PepsiCo (PEP) has limited time left to meet the growth and margin targets set a year ago following activist investor Elliott Management’s $4 billions stake. So far this year, PEP share price has dropped about 14%, underperforming both the S&P 500 Soft Drink & Non-Alcoholic Beverage Index's 8% rise (.SPLRCBEVS) and the S&P 500 Consumer Staples Index's 6% gain (.SPLRCS). The stock is currently trading at a price-to-earnings ratio of 14, below its five-year average of 21. Among 25 analysts' recommendations: 7 rate it as “Strong Buy” or “Buy,” 17 rate it as “Hold,” and 1 rates it as “Sell.” The median target price is $152, down from $170 on July 7. (For the convenience of non-English speakers, Reuters has automatically translated its reports into several other languages. As automated translations may contain errors or lack necessary context, Reuters does not guarantee the accuracy of automated translation texts, and provides them purely for readers’ convenience. Reuters assumes no liability for any damage or loss caused by the use of the automated translation function.)
Tessera Defense and Homeland Security announces special shareholder meeting
Tessera Defense and Homeland Security will hold a special shareholder meeting in Netanya, Israel on Oct. 20, 2026. Votes will cover an amendment to the 2026 Equity Incentive Plan to increase shares available for equity awards. The proposal would support equity grants tied to CEO Michael Oster’s employment agreement, including stock options, RSUs, and fully vested shares. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tessera Defense and Homeland Security Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610071430PRIMZONEFULLFEED9841604) on October 07, 2026, and is solely responsible for the information contained therein.
Corteva Shares Rise After Upgrade From KeyBanc
02:22 PM EDT, 10/07/2026 (MT Newswires) -- Corteva (CTVA) shares were up 3.9% in afternoon trading on Wednesday after KeyBanc upgraded the company's stock to overweight from sector-weight. Trading volume exceeded 20.1 million shares against a daily average of roughly 10.4 million. Price: 14.45, Change: +0.54, Percent Change: +3.88
Crypto prices
More
