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☆ Climate-Disclosure Rules Are Coming. Here’s How Companies Are Adapting.
▼ + stars: | 2023-04-25 | by ( Dieter Holger | ) www.wsj.com time to read: +5 min

International jurisdictions and the U.S. Securities and Exchange Commission are expected to finalize rules by this summer that will require public companies to report their greenhouse-gas emissions. Direct suppliers are known as tier 1 with that number increasing the deeper you go down the supply chain. Partnerships with suppliers: Large companies are working with small suppliers to overcome hurdles to accessing renewable power supplies, a relatively straightforward way to cut emissions. In October, it said its first group was five companies, including Amy’s Kitchen Inc., Levi Strauss & Co. and J.M. Targets for lower-emission alternatives: Nestlé SA is paying a premium to farmers in its supply chain that cut emissions by following regenerative farming practices.

☆ Levi Strauss CFO on Navigating Excess Inventory, His Expanded Role and Slower Hiring
▼ + stars: | 2023-04-22 | by ( Mark Maurer | ) www.wsj.com time to read: 1 min

High inventory levels have prompted Levi Strauss to discount certain products. Photo: Justin Sullivan/Getty ImagesLevi Strauss & Co. has kicked off a U.S. rollout of a system aimed at gaining better visibility into where its inventory is located and how well its branded stores are stocked, as the jeans maker continues to navigate excess supply and weaker spending from cost-conscious customers. The San Francisco-based company last week launched its new enterprise-resource-planning, or ERP, system in the U.S. after using it in Mexico and Canada, taking another step toward expanding its direct-to-consumer operation. At Levi Strauss, direct-to-consumer involves selling apparel through channels including the company’s roughly 240 U.S. stores under the Levi’s, Dockers and Beyond Yoga brands; its own e-commerce sites; and select “shop-in-shops” inside department stores.

☆ Luxury stocks are on a tear and now there's an index to follow the 1%
▼ + stars: | 2023-04-20 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

Luxury stocks are on a tear, and they are pulling away from the other 99% of the world. Birinyi Associates sees an opportunity. LVMH is the largest luxury firm in the world. Rubin and Birinyi have created two new indexes to monitor all this money: the "1% Index" that consists of 16 luxury stocks, and the "99% Index" made up of 18 stocks that is, well, where the rest of us shops. Since the beginning of April, the 99% is making a comeback: The 1% vs. the 99% (since April 1) 1% index: + 3% 99% index: + 12% Source: Birinyi Associates What's happening?

☆ Jim Cramer's top 10 things to watch in the stock market Monday
▼ + stars: | 2023-04-10 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Club holding Pioneer Natural Resources (PXD) is the biggest independent oil exploration and production (E & P) play. Club holding Constellation Brands (STZ) reported an excellent quarter last week and gave you an 11% dividend increase. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ Stocks making the biggest moves premarket: Costco Wholesale, Richardson Electronics, FedEx and more
▼ + stars: | 2023-04-06 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines before the bell:Richardson Electronics – Shares rose about 0.7% after Richardson Electronics reported a smaller backlog in its third fiscal quarter than it did in the same quarter a year prior. Comparable sales growth was positive when excluded changes in gasoline prices and the impact of foreign exchange, however, with the fastest growth coming outside the United States. Net sales rose 0.5%. Pinterest – Shares rose 1.2% after Raymond James said it initiated coverage of Pinterest with an outperform rating. The firm said it expects steady user growth, as well as "double-digit long-term revenue growth" from product improvements.

☆ Stocks making the biggest moves midday: Costco, Bed Bath & Beyond, AMC, FedEx and more
▼ + stars: | 2023-04-06 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Costco — The wholesale retailer's shares dropped 2% after the company announced sales dipped 1.1% year over year in March. Bed Bath & Beyond — The stock tumbled 7% after the retailer proposed a stock split as it attempts to avoid bankruptcy. Analysts covering the stock welcomed the news, with Raymond James upgrading shares to outperform from market perform Thursday morning. Leslie's , Pool — Shares of pool company Leslie's popped 5.4%, while Pool gained 1%, after both names were upgraded by Loop Capital to buy from hold. Craig-Hallum downgraded the stock to hold from buy and Rosenblatt pulled its rating to neutral from buy following the guidance cut.

☆ Levi Strauss tops quarterly revenue estimates, but higher costs hit margins
▼ + stars: | 2023-04-06 | by ( ) www.reuters.com time to read: +1 min

April 6 (Reuters) - Levi Strauss & Co (LEVI.N) on Thursday topped Wall Street estimates for quarterly revenue on resilient demand for jeans and non-denim styles, but maintained its annual forecast as the company turns cautious due to macroeconomic uncertainties. Shares of the San Francisco-based apparel maker fell more than 4% in premarket trade, as it also took a hit on margins in the quarter, owing to persistent cost pressures. The jeans maker's attempts to get rid of excessive inventory by offering higher discounts and promotions squeezed its profit margins. UBS analysts have noted that Levi's promotions were up 1,500 basis points in December. On an adjusted basis, Levi's earned 34 cents per share, beating estimates of 32 cents per share.

☆ Hot off an up quarter for stocks, investors turn to jobs, manufacturing data
▼ + stars: | 2023-04-01 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Another busy week of macroeconomic data will kick of the new quarter, following a volatile first quarter for stocks that ultimately finished in the black. The market's second quarter kicks off Monday with the ISM manufacturing report, followed on Tuesday by data on factory orders. We're looking for a Goldilocks report: not so hot to stoke more inflation fears, but not so cold to intensify worries about a recession. Wednesday's ADP employment report is also important, given the Fed's goal of slowing the job market to bring down inflation. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Some companies have expressed concern that a ruling against Jack Daniel's would weaken their control over their brands and reputations. The toy mimics Lynchburg, Tennessee-based Jack Daniel's famous whiskey bottles with humorous dog-themed alterations - replacing "Old No. "Jack Daniel's loves dogs and appreciates a good joke as much as anyone," the company told the justices in a brief. "But Jack Daniel's likes its customers even more, and doesn't want them confused or associating its fine whiskey with dog poop." VIP Products has said a ruling favoring Jack Daniel's would make it easier for trademark owners to stifle free speech.

☆ Kohl's shares sink after big holiday-quarter losses
▼ + stars: | 2023-03-01 | by ( Melissa Repko | ) www.cnbc.com time to read: +4 min

Kohl's shares sunk on Wednesday after the retailer posted a big loss and a sales decline of about 7% in the holiday quarter. Kohl's is not the only retailer that has felt a pullback as consumers spend more on food, housing and other necessities. During that same three-year period, spending at Kohl's fell by 15.4% and profit at the company plummeted by 203%. Kohl's inventory remains elevated, up 4% year over year as of the end of the fourth quarter, the company said. As of Tuesday's close, Kohl's stock is up about 11% this year, outperforming the approximately 3% gain of the S&P 500.

☆ Fashion Faces Recycling Fees Similar to Other Industries
▼ + stars: | 2023-02-16 | by ( Dieter Holger | ) www.wsj.com time to read: +7 min

Electronics and packaging companies have banded together to help pay for recycling programs under government rules. EPR programs charge producers tiny fees—often a fraction of a penny—on individual items to fund waste collection and recycling. The fees from the relevant products, such as packaging, electronics or clothing, then fund recycling, including infrastructure, collection, sorting and public communications. Recycling successEPR programs can significantly boost recycling rates, according to a study published this month from the Recycling Partnership, a nonprofit group. It is expanding its textile recycling beyond its customer network, which includes Levi Strauss & Co. and VF Corp. -owned The North Face.

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☆ Finance Chiefs, Facing Another Year of Persistent Inflation, Prioritize Cost Savings
▼ + stars: | 2023-02-10 | by ( Kristin Broughton | ) www.wsj.com time to read: +6 min

Finance chiefs are pushing their companies to do more with less as they face another year of rising costs. Obviously, we’re dealing with a very unique environment right now with the unprecedented level of cost inflation. But we’re not in that environment right now. Ideally, we can grow as the demand environment hopefully normalizes. And that’s going to give us more optionality as we better understand our demand for AI over time.

☆ Kohl's names interim CEO Tom Kingsbury to the post permanently
▼ + stars: | 2023-02-02 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

The Kohl's logo is displayed on the exterior of a Kohl's store on January 24, 2022 in San Rafael, California. Kohl's on Thursday named interim CEO Tom Kingsbury to the post on a permanent basis. He took over as interim CEO in December after former chief executive Michelle Gass decided to leave for Levi Strauss. "The Board appreciates our constructive dialogue with Macellum during the last few months and their engagement as we conducted the CEO search process. We look forward to their continued support and partnership," said Michael Bender, a board director at Kohl's.

☆ Bright lights and snazzy mannequins: Walmart rolls out sleek new store designs
▼ + stars: | 2023-01-28 | by ( Melissa Repko | ) www.cnbc.com time to read: +7 min

In company surveys, he said nearly every shopper said the store's displays and mannequins encouraged them to browse longer. Walmart's new store design includes displays that show off how a customer could decorate a nursery or kitchen. Melissa Repko | CNBCWashington declined to share data about Walmart's store traffic and sales at its Springdale store and other flagships that have opened in recent months. Visits to its Walmart store in Springdale, Ark. Victor Millan, of Ridgefield Park, New Jersey, makes weekly shopping trips to the Walmart in Teterboro for groceries and other items.

☆ Skinny jeans still a great fit in shrinking economy, Levi CEO says
▼ + stars: | 2023-01-26 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

[1/2] The Levi Strauss & Co. label is seen on jeans in a store at the Woodbury Common Premium Outlets in Central Valley, New York, U.S., February 15, 2022. REUTERS/Andrew KellyJan 26 (Reuters) - Reports on the death of skinny jeans have been greatly exaggerated. At least that's what Levi Strauss & Co (LEVI.N) boss Chip Bergh wants everyone to believe. Once a wardrobe staple, skinny jean has recently lost favor among shoppers, especially after the pandemic accelerated a shift toward comfortable clothing like baggy jeans among young consumers. "The skinny jean is not going anywhere anytime soon," Bergh said.

☆ Stocks making the biggest moves premarket: Southwest, Tesla, Las Vegas Sands and more
▼ + stars: | 2023-01-26 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Tesla — The electric-vehicle maker soared 7% after reporting record revenue and an earnings beat. Wall Street analysts cited upbeat comments about its reopening in Macao on the company earnings call for their positive outlook on the stock. Levi Strauss topped analysts' revenue estimates and beat earnings projections by 5 cents a share. Total segment revenues fell short of expectations, while distributable earnings beat estimates by 12 cents a share. American Airlines — The airline gained 1.5% after its fourth-quarter profits beat Wall Street's expectations, thanks to strong holiday demand and high fares.

☆ Stocks making the biggest moves midday: Chevron, Tesla, Seagate Technology, United Rentals and more
▼ + stars: | 2023-01-26 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

Analysts called for earnings of 10 cents per share on $1.83 billion in revenue, according to Refinitiv. Though United Rentals missed analysts' expectations for per-share earnings, it was in-line with Wall Street's forecasts for revenue, per FactSet. The company forecasted 2023 revenue to range between $13.7 billion and $14.2 billion, surpassing analysts' estimates, according to FactSet. Sherwin-Williams earned an adjusted $1.89 per share last quarter, topping estimates by 2 cents, according to Refinitiv. Tractor Supply's EPS came in at $2.43 versus analysts' estimate of $2.35 per share, according to Refinitiv.

☆ S&P 500 closes slightly red as weak corporate guidance fuels recession fears
▼ + stars: | 2023-01-25 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

Fourth-quarter earnings season has shifted into overdrive, with 95 of the companies in the S&P 500 having reported. Analysts now see aggregate S&P 500 earnings dropping 3.0% year-on-year, nearly double the 1.6% drop seen on Jan. 1, per Refinitiv. Five of the 11 major sectors of the S&P 500 ended lower, with utilities (.SPLRCU) suffering the largest percentage loss. General Dynamics Corp (GD.N) beat quarterly expectations, but a weak 2023 forecast helped send the defense contractor's shares sliding 3.6%. The S&P 500 posted 8 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 61 new highs and 30 new lows.

☆ Levi Strauss gives upbeat 2023 sales outlook as demand holds up
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +2 min

Jan 25 (Reuters) - Levi Strauss & Co (LEVI.N) forecast annual sales above Wall Street estimates on Wednesday, in a sign that demand for its jeans is holding up better than feared. Shares of the denim maker were up nearly 8% in extended trading after it also topped fourth-quarter sales and profit estimates. However, Levi's said it saw more consumers shopping at its stores in the Americas and Asia, boosting its direct-to-consumer business. Levi's fourth-quarter net revenue of $1.59 billion edged past estimates of $1.57 billion, while adjusted profit of 34 cents per share topped expectations of 29 cents. Reporting by Deborah Sophia in Bengaluru and Kate Masters in New York; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

☆ Kohl's close to naming Tom Kingsbury as permanent CEO - NYT
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: 1 min

Jan 25 (Reuters) - Department store chain Kohl's Corp (KSS.N) is in late-stage talks to name Tom Kingsbury as its permanent chief executive, the New York Times reported on Wednesday, citing two people familiar with the situation. Kingsbury was named interim CEO in December, after Michelle Gass left Kohl's to become the top boss at Levi Strauss & Co (LEVI.N). The appointment will come as the department store chain is struggling with declining sales and greater pressure from activist investors. In November, Kohl's withdrew its 2022 sales and profit forecasts, blaming an uncertain economic outlook and the departure of Gass. Reporting by Mrinalika Roy in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

☆ Stocks making the biggest moves after hours: Tesla, Chevron, ServiceNow, Levi Strauss, IBM and more
▼ + stars: | 2023-01-25 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Tesla — Shares rose 0.4% in volatile trading after the electric-vehicle maker reported earnings and revenue for the fourth quarter that beat analyst expectations. Chevron — Shares advanced 2.7% after the oil company announced a $75 billion stock repurchasing program. Levi Strauss — The denim company jumped 7% after its earnings and revenue for the fourth quarter came in above expectations. International Business Machines — IBM beat quarterly earnings and revenue forecasts, but the stock fell more than 2%. Analysts polled by Refinitiv expected earnings of 46 cents per share on revenue of $3.72 billion.

☆ S&P 500 futures are up slightly as investors weigh latest corporate earnings
▼ + stars: | 2023-01-25 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

S&P 500 futures advanced modestly Wednesday night as investors parsed through the latest batch of corporate earnings that dropped after the bell. Futures tied to the broad index traded up 0.2%, while Nasdaq-100 futures gained 0.3%. Futures tied to the Dow gained 27 points, or 0.1%. Tesla and Levi Strauss were among stocks advancing after beating expectations for revenue and earnings per share. Investors will watch Thursday for earnings from airlines including Southwest, American, Alaska and JetBlue.

☆ Levi Strauss beats estimates, offers upbeat guidance for fiscal year
▼ + stars: | 2023-01-25 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +2 min

Levi Strauss on Wednesday posted earnings and revenue that topped Wall Street's expectations. Shares of the company rose in after-hours trading as the company also offered upbeat sales guidance for its new fiscal year. Levi has been grappling with a slowdown in discretionary spending and a reduced demand for denim, leading some analysts to downgrade the stock. Europe will remain a strong focus for Levi in the coming fiscal quarter, Bergh said. Wall Street is estimating $6.27 billion in sales and $1.35 earnings per share.

☆ Jim Cramer's top 10 things to watch in the market Monday: Industrials, Salesforce activists, semis
▼ + stars: | 2023-01-23 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Another activist investor, Elliott Management, takes a big stake in Club holding Salesforce (CRM), according to media reports . Same upgrade for Club holding Advanced Micro Devices (AMD); PT increase to $85 from $70. Club holding Ford (F) will have to lower prices for Mustang Mach-E. Not much competition for F-150 Lightning EV pick-up. JPMorgan downgrades Levi Strauss (LEVI) to neutral from overweight (buy); cuts price target by $2 to $17 per share. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Here are Monday's biggest analyst calls: Tesla, Meta, Qualcomm, Zoom, Apple, Costco, Wayfair & more
▼ + stars: | 2023-01-23 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Monday's biggest Wall Street calls: MKM downgrades Zoom to neutral from buy MKM said it sees growth stalling for the video-conferencing company. Baird adds Tractor Supply as a fresh pick Baird named Tractor Supply as a fresh pick, noting it sees upside to estimates. Barclays downgrades Warner Music to equal weight from overweight Barclays said the music company's financial performance is too volatile. Jefferies naming Caterpillar a top pick Jefferies said it sees upside to estimates for shares of Caterpillar. Barclays downgrades Tapestry to equal weight from overweight Barclays said it's concerned about a "negative promotional inflection" for Tapestry .

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