BUZZ - Levi Strauss shares drop due to weak sales in the US and Europe
路透社2026/10/08 08:16On October 8, Levi Strauss (LEVI.N) shares fell 1.3% in pre-market trading to $19.25 after the company reported lower-than-expected sales in the U.S. and Europe. BTIG commented: “This quarter, the European direct-to-consumer (DTC) business was hit by unusually warm weather, but as temperatures return to normal, foot traffic and sales trends have improved, maintaining a positive outlook in early Q4.” The brokerage also noted that the company remains strong in wholesale, e-commerce, and market share in jeans, but its “back-to-school” marketing campaign did not meet expectations. Benefiting from tariff refunds on Wednesday, the company raised its annual profit forecast and is betting on strong demand for its premium jeans and sweaters during the holiday season. Sixteen analysts have an average “buy” rating; the median price target is $27, according to LSEG. The stock has risen 6% year-to-date as of the previous close.
October 8 - ** Shares of jeans maker Levi Strauss (LEVI.N) fell 1.3% in premarket trading to $19.25
** The company reported (link) lower-than-expected sales in the United States and Europe
** BTIG said: "This quarter, Levi’s direct-to-consumer (DTC) business in Europe was hit by unusually warm weather, but as temperatures normalized, foot traffic and sales trends improved and maintained a positive momentum in early Q4"
** The broker also noted that the company continues to show strong performance in wholesale, e-commerce, and jeans market share metrics, but its 'back-to-school' marketing campaign fell short of expectations
** On Wednesday, the company benefited from tariff rebates, raised its annual profit forecast, and is betting on strong demand for its premium jeans and sweaters during the holiday season
** The average rating from 16 analysts is "buy"; the median target price is $27 — data compiled by LSEG
** As of the close of the previous trading day, the stock is up 6% for the year
(To facilitate non-English speakers, Reuters automatically translates its reports into several other languages. As automated translations may contain errors or lack context, Reuters does not guarantee the accuracy of the automated translated text and provides it solely for readers' convenience. Reuters assumes no responsibility for any damage or loss resulting from the use of automated translation tools.)
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The second paragraph adds stock information, while the fifth, eighth, and ninth paragraphs provide additional details. Background information is supplemented in the sixth, seventh, tenth, and eleventh paragraphs. Reuters, October 8 – Pharmaceutical company Viatris (VTRS.O) will acquire Pacira BioSciences (PCRX.O) in an all-cash deal worth $1.65 billions, adding two non-opioid painkillers to its portfolio, the companies said on Thursday. Viatris will acquire Pacira at $36.50 per share, representing a 44.8% premium to the latest closing price. Pacira’s stock rose by 44% in premarket trading. Pacira’s non-opioid painkillers, Exparel and Zilretta, generated sales in 2025 of $575.1 millions and $116.6 millions respectively. Exparel is used to relieve acute pain after surgery, and Zilretta is used to treat pain associated with knee osteoarthritis. Viatris stated it expects to expand the reach of these products in selected target markets. Viatris CEO Scott Smith stated, “the addition of these medications creates a synergy with our rapid-acting meloxicam market opportunities, positioning us as a leader in non-opioid pain management.” The US Food and Drug Administration (FDA) is expected to make a decision by December 27 on the approval application for rapid-acting meloxicam for the treatment of moderate to severe acute pain. Viatris plans to finance the acquisition primarily with idle cash, and the remainder through short-term borrowing. The company noted the deal will have minimal impact on its total leverage ratio. In August, Viatris (link) raised its annual adjusted profit forecast, counting on strong brand drug sales and growth in the Chinese market. The pharmaceutical company had previously faced (link) production setbacks in its Indian operations, including a fire at its Nashik plant in western India and increased competition in the generic drug market, raising concerns about the resilience and growth of its core business. The company stated the transaction is expected to close by the end of 2026 and will immediately enhance Viatris’s financial guidance metrics. (For non-native English speakers, Reuters provides automated translations of its reports into several other languages. Since automated translations may contain errors or lack necessary context, Reuters does not guarantee their accuracy and provides them for convenience only. Reuters accepts no liability for any damage or loss caused by the use of automated translation.)
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