The Beyoncé Effect Reportedly Leads Levi's Stock To Rise By 20% [Yahoo! Finance]
Levi Strauss & Co Class A (LEVI)
Last levi strauss & co class a earnings: 4/7 04:15 pm
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Source: Yahoo! Finance
On March 29, 2024, the Houston, TX-born songstress released her country-influenced album “Cowboy Carter.” According to Billboard, her eighth album debuted at the No. 1 spot on the Billboard 200 albums chart, selling 407,000 equivalent album units. Additionally, the album reached the top spot on Billboard's Top Country Albums chart, a first for a Black woman to accomplish. The Beyoncé effect is evident not only on the music charts but in business, too. Her 27-track album includes the single “Levii's Jeans,” featuring music artist Post Malone. As reported by CBS News, Levi Strauss & Co., the clothing company that actually invented denim jeans, saw a rise in its stocks by 20%, nearly one week after the song's release. The moment also drove sales to increase for its denim skirts and pants. “Beyoncé's influence has been all organic and is clearly having positive impacts,” Wells Fargo equity analyst Ike Boruchow wrote to the outlet. He pointed to increased sales in denim, in general,
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News
- Global Denim Jeans Market Outlook 2024-2029: Consumer Demand for Sustainable Fashion, Innovations in Denim Technology, Rise of DTC and E-commerce [Yahoo! Finance]Yahoo! Finance
- Levi Strauss & Co., Lyft, and SHOWTIME/MTV Entertainment Studios Announce New National Campaign To Close The Community College Student Voting Gap [Yahoo! Finance]Yahoo! Finance
- Highwire PR Announces Appointment of Two Independent Board Members [Yahoo! Finance]Yahoo! Finance
- LEVI'S® BOLSTERS ITS RETAIL REACH IN INDIA, UNVEILS ITS LARGEST MALL STORE TO DATE IN NEXUS MALL, KORAMANGALA IN BENGALURUPR Web
- LEVI'S® BOLSTERS ITS RETAIL REACH IN INDIA, UNVEILS ITS LARGEST MALL STORE TO DATE IN NEXUS MALL, KORAMANGALA IN BENGALURU [Yahoo! Finance]Yahoo! Finance
LEVI
Earnings
- 4/3/24 - Beat
LEVI
Sec Filings
- 5/3/24 - Form 4
- 5/2/24 - Form 144
- 5/2/24 - Form 144/A
- LEVI's page on the SEC website