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Why Levi Strauss Stock Plopped Today

Why Levi Strauss Stock Plopped Today

Shares of apparel company Levi Strauss (NYSE: LEVI) plopped on Friday after the company released financial results for the fiscal third quarter of 2022, ended Aug. 28. In Q3, Levi Strauss generated revenue of $1.5 billion, up 1% year over year. Levi Strauss doesn't have a revenue problem as much as it has a profit problem.