Earnings Digest - Week of July 10th
An overview of last week's earnings and things to watch for next week's announcements, powered by chatGPT.
Last Week in a Nutshell
Summary by Company
To Watch Next Week
Dictionary
Last Week In a Nutshell
LEVI: Levi Strauss shares after revising its outlook for the year due to concerns about consumer spending power, inflation, a slowing economy, and supply-chain issues, while remaining optimistic about the future.
Summary by Company
LEVI 0.00%↑ Levi Strauss
Shares of Levi Strauss (LEVI) fell 5.2% after the company lowered its outlook for the year due to concerns about the spending power of low- and middle-income consumers. Levi expects revenue growth of 1.5% to 2.5% this year, down from previous guidance of up to 3% growth. Earnings per share are projected to be between $1.10 and $1.20, compared to the earlier estimate of $1.30 to $1.40.
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