On Wednesday Levi Strauss & Co. released its 4Q results.
Sales rose 22% to $1.59 billion, also ahead of the $1.55 billion analysts expected and the adjusted earnings came in at 46 cents a share, above the 42-cent consensus estimate.
The company’s 2022 outlook remained intact, as Levi Strauss highlighted strong U.S. sales and ongoing demand in Europe.
Despite the good results, short-term bearish movement is expected into the price channel to the major support of $16.
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Sales rose 22% to $1.59 billion, also ahead of the $1.55 billion analysts expected and the adjusted earnings came in at 46 cents a share, above the 42-cent consensus estimate.
The company’s 2022 outlook remained intact, as Levi Strauss highlighted strong U.S. sales and ongoing demand in Europe.
Despite the good results, short-term bearish movement is expected into the price channel to the major support of $16.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.