Levi Strauss falls after weak US and Europe sales
BUZZ-Levi Strauss falls after weak US and Europe sales ** Shares of denim-maker Levi Strauss LEVI.N fall 1.3% to $19.25 premarket
** Co reported weaker-than-expected sales in the United States and Europe
** "Europe DTC was pressured by unusually warm weather during the quarter, though traffic and sales trends improved as temperatures normalized and remained positive into the start of 4Q," says BTIG
** Brokerage also says co continues to perform well across wholesale, e-commerce and denim market share metrics, but its Back-to-School campaign was less effective than expected
** Co raised its annual profit forecast on Wednesday after benefiting from tariff refunds, as it bets on strong holiday demand for its premium denim and sweaters
** Average rating of 16 analysts is "buy"; median PT $27 — data compiled by LSEG
** Up to last close, stock had risen 6% YTD
(Reporting by Akriti Shah in Bengaluru)
((akriti.shah@thomsonreuters.com ; X, formerly Twitter: @AkritiShahh))