Levi Strauss & Co's stock experienced a 5.57% plunge in the pre-market session on Sunday, following the company's release of its Q4 financial results and forward guidance.
In its Q4 earnings report, the apparel giant posted strong revenue growth and robust cash flow generation, surpassing analysts' expectations. However, the company's soft forward guidance for the upcoming quarters appears to have dampened investor sentiment, leading to the significant stock price decline.
While Levi Strauss & Co demonstrated resilience in the face of global economic uncertainties, concerns over future performance seem to have overshadowed the company's impressive fourth-quarter results, prompting a sharp sell-off in the stock market.
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