1148 ET - Levi Strauss's most recent quarter was "a little messy," Raymond James analysts say. The denim company's direct-to-consumer results were a bit softer than expected because U.S. products didn't resonate with shoppers and there wasn't enough inventory in key low-rise styles, the analysts say. Levi is reinvesting some of its tariff refunds into the business and the business has started to improve, however. The analysts also debate whether elevated spending on marketing and promotions will persist into the next fiscal year and weigh on profitability. Shares are down 3.6%.
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