BUZZ - Levi Strauss shares drop due to weak sales in the US and Europe
路透社2026/10/08 08:16On October 8, Levi Strauss (LEVI.N) shares fell 1.3% in pre-market trading to $19.25 after the company reported lower-than-expected sales in the U.S. and Europe. BTIG commented: “This quarter, the European direct-to-consumer (DTC) business was hit by unusually warm weather, but as temperatures return to normal, foot traffic and sales trends have improved, maintaining a positive outlook in early Q4.” The brokerage also noted that the company remains strong in wholesale, e-commerce, and market share in jeans, but its “back-to-school” marketing campaign did not meet expectations. Benefiting from tariff refunds on Wednesday, the company raised its annual profit forecast and is betting on strong demand for its premium jeans and sweaters during the holiday season. Sixteen analysts have an average “buy” rating; the median price target is $27, according to LSEG. The stock has risen 6% year-to-date as of the previous close.
October 8 - ** Shares of jeans maker Levi Strauss (LEVI.N) fell 1.3% in premarket trading to $19.25
** The company reported (link) lower-than-expected sales in the United States and Europe
** BTIG said: "This quarter, Levi’s direct-to-consumer (DTC) business in Europe was hit by unusually warm weather, but as temperatures normalized, foot traffic and sales trends improved and maintained a positive momentum in early Q4"
** The broker also noted that the company continues to show strong performance in wholesale, e-commerce, and jeans market share metrics, but its 'back-to-school' marketing campaign fell short of expectations
** On Wednesday, the company benefited from tariff rebates, raised its annual profit forecast, and is betting on strong demand for its premium jeans and sweaters during the holiday season
** The average rating from 16 analysts is "buy"; the median target price is $27 — data compiled by LSEG
** As of the close of the previous trading day, the stock is up 6% for the year
(To facilitate non-English speakers, Reuters automatically translates its reports into several other languages. As automated translations may contain errors or lack context, Reuters does not guarantee the accuracy of the automated translated text and provides it solely for readers' convenience. Reuters assumes no responsibility for any damage or loss resulting from the use of automated translation tools.)
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
Third Life World signs deal to buy voting control of Transglobal Management Group
Third Life World signed a definitive control share purchase agreement to take voting control of Transglobal Management Group (TMGI). The deal transfers a Series A Preferred control block holding a majority of voting rights to Third Life World. TMGI plans to make Third Life World’s AI-agent virtual world platform its core operating business. TMGI will create new Series B Preferred Stock to support the purchase; closing remains subject to customary conditions. At closing, controlling shareholder Marc Angell will resign his officer roles and stay on as a consultant during the transition. 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. Transglobal Management Group Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610081100PRIMZONEFULLFEED9842281) on October 08, 2026, and is solely responsible for the information contained therein.
Active Measures To Increase XRP Price. Here’s the Latest
US Stock Moving | Starbucks reportedly considering acquisition, Chipotle Mexican Grill (CMG.US) shares soar up to 8.6%
According to media reports citing sources familiar with the matter, Starbucks has been working with advisors in recent months to explore potential acquisition plans targeting the US-based Mexican-style restaurant chain Chipotle Mexican Grill.
BUZZ - Starbucks shares fall; reports said it once considered acquiring Chipotle Mexican Grill
On October 8, Starbucks (SBUX.O), the coffee chain brand, saw its stock price drop by as much as 6.66% to $87.35. According to sources cited by the Financial Times, the company had considered acquiring Chipotle Mexican Grill (CMG.N). The report states the progress of this acquisition plan remains unclear. Starbucks (SBUX) currently has a market value of about $39 billion. Chipotle’s (CMG) stock price surged as much as 8.55% to $33.40. Chipotle has not yet responded to a request for comment from Reuters. As of the close of the previous trading day, SBUX has risen about 10% so far this year, while CMG has dropped 12% year-to-date. (For the benefit of non-English speakers, Reuters has automated translation of its reports into several other languages. Since automated translations may occasionally be inaccurate or lack the intended context, Reuters does not guarantee the accuracy of these translations and provides them solely for convenience. Reuters accepts no responsibility for any damage or loss caused by the use of automated translation.)
Crypto prices
More
