Why Levi Strauss Stock Was Sliding Today
Shares of Levi Strauss (NYSE: LEVI) were moving lower today after the apparel company beat estimates in its first-quarter earnings report, but warned that margins would be compressed this year due to rising costs and a promotional sales environment.
As a result, the stock was down 15.5% as of 11:08 a.m. ET.
Image source: Getty Images.
Source Fool.com
