Levi Strauss shares slip ahead of Q2 earnings report as investors await impact of FIFA World Cup campaign

Levi Strauss shares slipped about 1.8 percent ahead of its fiscal Q2 earnings report, as investors assess whether its high-profile FIFA World Cup marketing campaign is translating into stronger sales. Analysts expect earnings of 24 cents per share on revenue of 1.52 billion dollars, representing year-over-year growth of 9 percent and 8.6 percent respectively. Thirteen of fifteen covering analysts rate the stock a buy with a consensus price target of 27.73 dollars, suggesting about 12 percent upside from recent levels near 24.66 dollars.