Levi Strauss cuts 2022 profit forecast on inflationary pressures, strong dollar [Reuters]
Nike, Inc. (NKE)
Last nike, inc. earnings: 3/24 04:15 pm
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Source: Reuters
Shares of the company fell about 4% in extended trading after the company also missed third-quarter revenue estimates. Consumers are shifting their focus away from higher-priced products and clothes to essentials due to rising inflation, affecting Levi's and other apparel makers. "Inflation is definitely something that consumer is concerned about," said Jessica Ramírez, analyst at Jane Hali and Associates, adding people would be more concerned with where they spend their dollars going into the holiday season. The jeans maker, which has been battling supply chain disruptions since the pandemic began, now further strained due to the Russia-Ukraine war, has been raising prices of its denims to battle rising costs. Levi's said continued supply chain disruptions, primarily in the United States, resulted in estimated missed sales of about $30 million to $40 million in the reported quarter. The Dockers and Denizen brands' owner, like other U.S. companies such as Nike Inc (NKE.N) a
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- 3/21/24 - Beat
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Sec Filings
- 4/4/24 - Form 10-Q
- 3/21/24 - Form 8-K
- 3/11/24 - Form 8-K
- NKE's page on the SEC website