US inflation soars 7.5% in the past year, a 40-year high

02:06pm, Thursday, 10'th Feb 2022 Chicago Sun-Times
The steady surge in prices has left many Americans less able to afford food, gas, rent, child care and other necessities. | AP file There are few signs that inflation will slow significantly anytime soon. WASHINGTON — Inflation soared over the past year at its highest rate in four decades, hammering America’s consumers, wiping out pay raises and reinforcing the Federal Reserve’s decision to begin raising borrowing rates across the economy. The Labor Department said Thursday that consumer prices jumped 7.5% last month compared with 12 months earlier, the steepest year-over-year increase since February 1982. Shortages of supplies and workers, heavy doses of federal aid, ultra-low interest rates and robust consumer spending combined to send inflation accelerating in the past year. When measured from December to January, inflation was 0.6%, the same as the previous month and more than economists had expected. Prices had risen 0.7% from October to November and 0.9% from September to October.
Could consumer discretionary stocks be worth investing in as consumer spending rises?
Select apparel stocks are having a strong day after Levi Strauss reported better-than-anticipated earnings and raised overall confidence that inflation costs can be offset. Read more.

Hot Stocks: BX, LEVI, MO rally on earnings news; SAP drops

06:01pm, Thursday, 27'th Jan 2022 Seeking Alpha
BX, LEVI and MO all gained ground in response to their quarterly results. SAP slipped on earnings news and word of an acquisition.
Levi Strauss (LEVI) posts better-than-expected results for fourth-quarter fiscal 2021 on sturdy upsides from e-commerce business and strategic ploys.

Why Levi Strauss Stock Just Jumped 9%

03:47pm, Thursday, 27'th Jan 2022
Levi zips up another quarter and puts the final rivet in a strong year.
Levi Strauss & Co. Executive VP and CFO Hermit Singh joins Yahoo Finance's Brian Sozzi to discuss the company's fourth quarter earnings, the demand for denim, and the business outlook for Dockers.
Levi Strauss & Co. (LEVI) shoots higher in early trading after the company''s earnings report and guidance update are viewed favorably
Chip Bergh, Levi Strauss CEO, joins 'Squawk on the Street' to discuss the company's Q4 earnings results.
Despite the ongoing disruptions of the pandemic, global supply chain constraints and inflation running at a 40-year high, Levi Strauss & Co. — the world's largest retailer of denim and related appar
Levi Strauss & Co. (LEVI) CEO Chip Bergh on Q4 2021 Results - Earnings Call Transcript
Levi Strauss press release (LEVI): Q4 Non-GAAP EPS of $0.41 beats by $0.01.Revenue of $1.7B (+22.3% Y/Y) beats by $20M.Fiscal 2022 Annual Guidance:Net revenues growth of 11% to…
(Reuters) -Levi Strauss & Co forecast full-year sales above Wall Street estimates on Wednesday after topping quarterly revenue expectations, as the denim maker benefits from strong demand for its jean

Levi Strauss Q4 2021 Earnings Preview

10:35pm, Tuesday, 25'th Jan 2022 Seeking Alpha
Levi Strauss (NYSE:LEVI) is scheduled to announce Q4 earnings results on Wednesday, January 26th, after market close.The consensus EPS Estimate is $0.40 (+100.0% Y/Y) and the
Will the iconic casual clothing retailer sail by earnings estimates for the fourth time in fiscal 2021?
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