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Levi Strauss & Co. $LEVI reports Q2 earnings with adjusted EPS of $0.16, beating estimates. The company raises dividend by 8% to $0.13. Q2 revenue of $1.44B falls short of the $1.45B estimate. Despite affirming FY24 guidance, Levi's shares drop over 10% as sales disappoint, leading to a more than 13% plunge in share value. The company faces higher costs for marketing and logistics, with a 17% revenue increase in the Americas region.





Levi Strauss & Co. $LEVI Q2 2024 EARNINGS CALL SUMMARY https://t.co/Sa0WWTorPp
Levi’s Stock Is Dropping. An Earnings Beat and Higher Dividend Weren’t Enough. https://t.co/GtXQh7q7J0
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