Levi Strauss stock soars 20% on higher profit forecast
Shares of Levi Strauss & Co soared 20% to a more than two-year high on Thursday as the jeans maker raised its annual profit forecast, powered by new CEO’s cost-cutting initiatives and a focus on direct-to-customer (DTC) sales. The company has turned to own stores and its website to drive sales as some of its … Read more
