Levi (LEVI) Tumbles On Inventory Overhang

Levi (LEVI) tumbles as inventory "remains an overhang." Jeff Pierce joins Alex Coffey and Jenny Horne to discuss LEVI as its earnings released today, April 6th, premarket. He talks about how EPS and Revenue looked good at first with 1Q revenue which came in at $1.69B versus an estimated $1.58B. He goes over how net income dropped and gross margins dropped. He also notes that the supply chain is not fully back yet. Tune in to find out more about the stock market today.

Next Gen Investing

07 Apr 2023

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