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LEVI - Levi Strauss & Co News Story

$12.92 0.1  0.4%

Last Trade - 25/09/20

Consumer Cyclicals
Large Cap
Market Cap £4.02bn
Enterprise Value £4.24bn
Revenue £3.94bn
Position in Universe 1089th / 6417

Reuters Insider - U.S. Day Ahead: Retail in the spotlight as Levi Strauss reports

Mon 6th April, 2020 10:23pm
Click the following link to watch video: https://share.insider.thomsonreuters.com/link?entryId=1_8ct3zh2n&referenceId=1_8ct3zh2n&pageId=ReutersNews
Source: Reuters Insider

Description: Levi Strauss reports after the closing bell as the chain deals
with store closures because of the spread of the new coronavirus.
Short Link: https://tmsnrt.rs/3aOYE4s

Video Transcript:

Welcome to your Day Ahead. I’m Jade Barker. Stocks rose early in the
trading session Monday and never looked back. The Dow, NASDAQ, and the S&P 500
finished about 7% to 8% higher each after a drop in the daily death toll in
New York, the country’s biggest Coronavirus hotspot. Markets also looking
past the British Prime Minister Boris Johnson’s move to the intensive
care unit after his Coronavirus symptoms worsened, though his office said he
was still conscious. Look forward to developments on that, and here’s
what else we’re watching. First up, the health of the retail sector.
Redbook releases its same store sales index for the past week. Economists at
Refinitiv say we could see one of the largest month-on-month sales declines on
record because of the huge number of store closures. The year-over-year figure
could turn negative for the first time since 2009. One of those chains that
has closed stores, at least temporarily, is Levi’s which reports after
the closing bell. It shut its US and Canadian locations in mid-March.
We’ll see what it says about business and any supply chain disruptions.
The stock has dropped about 40% this year. And that’s your Day Ahead.
I’m Jade Barker, and this is Reuters
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