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LEVI - Levi Strauss & Co News Story

$12.5 0.4  3.6%

Last Trade - 07/08/20

Consumer Cyclicals
Large Cap
Market Cap £3.80bn
Enterprise Value £4.01bn
Revenue £3.85bn
Position in Universe 1139th / 6395

BUZZ-Levi Strauss jumps, co says most China stores reopened

Wed 8th April, 2020 7:17pm
** Shares of Levi Strauss & Co  LEVI.K  jumping 8% on Weds after
the jeans seller said most of its stores in China, where the
coronavirus outbreak first emerged in December, were open with
sales recovering
    ** LEVI late on Tues reported better-than-expected earnings
and revenue for the first quarter ended Feb. 23, even as sales
in Asia declined due to store closures  urn:newsml:reuters.com:*:nL4N2BV4HS
    ** It also said it borrowed $300 mln on a credit facility to
boost its balance sheet
    ** Stock is down 33% since Feb. 19, when the S&P 500  .SPX 
ended its 11 yr bull market and coronavirus fears sparked a deep
selloff on Wall St 

 ((noel.randewich@tr.com; (415) 677 2542; Reuters Messaging:
Twitter: @randewich))
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