Levi Strauss & Co Class A

Levi Strauss & Co. reported a cybersecurity breach to the U.S. Securities and Exchange Commission on Aug. 7 after an unauthorized third party gained access to company files through social engineering techniques that enabled unauthorized access to three employees' company-issued computers. The company said it believes corporate information was accessed and exfiltrated because of the incident. Levi's said it initiated response protocols, implemented containment measures, and launched an investigation, which remains ongoing, and has engaged third-party cybersecurity experts. The company does not believe the incident will have any material impact on its operations, but the breach highlights wider vulnerabilities across the apparel industry, with Adidas, The North Face, Nike, Victoria's Secret, Gucci, and Balenciaga also facing cybersecurity incidents in recent years. Joe Schloesser, senior vice president at ISN, said brands need stronger verification processes for contractors and suppliers, as bad actors increasingly exploit trusted relationships to gain access to organizations.

MARA Holdings shares jumped 10% after the company entered into a deal with synthetic renewable energy firm HIF USA to acquire land in Matagorda County, Texas. Costco Wholesale shares tumbled 4.2% after reporting decelerating June comparable sales growth. The Simply Good Foods rose 1.3% after posting third-quarter fiscal 2026 adjusted earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.35. Levi Strauss fell 2.2% following disappointing earnings per share guidance for fiscal 2026.

Levi Strauss delivered a double beat in the second quarter and raised its full-year outlook, but its conservative third-quarter guidance disappointed investors and drove shares lower. The company guided Q3 profit midpoint below consensus, citing uncertain tariffs and consumer spending, while Q3 sales guidance came in above estimates. CEO Michelle Gass said Levi's remains mindful of the external environment, and CFO Harmit Singh noted guidance assumes incremental U.S. tariffs of 30% on China imports and 20% on rest-of-world, with no benefit from potential tariff refunds. Analysts suggest the cautious outlook may be a case of underpromising with the aim to overdeliver again.

AstraZeneca tumbled 8% in premarket trading after its heart disease drug Wainua failed to meet its target in a late-stage clinical trial. PepsiCo fell 1% after reporting mixed second-quarter results, with adjusted earnings of $2.20 per share missing the $2.21 estimate from analysts polled by LSEG, while revenue of $24.18 billion topped the $23.95 billion consensus. Salesforce shed 4% following a KeyBanc downgrade to sector weight from overweight, with the firm citing difficulty finding evidence of future upside. Stellantis slid 2% after JPMorgan downgraded the Jeep parent to neutral from overweight, saying it needs 14 months to reap turnaround benefits. Levi Strauss dropped 4% after issuing third-quarter EPS guidance of 34 to 36 cents, below the 38 cents expected by FactSet, despite beating second-quarter expectations on both top and bottom lines. AZZ jumped 6% after reporting quarterly earnings of $1.85 per share, exceeding the $1.69 FactSet consensus, with revenue of $448.5 million also above the $434.6 million forecast. Cerebras Systems moved nearly 7% higher after announcing a major European expansion, bringing its first European data center capacity online by year-end and planning to expand total capacity to 2000 megawatts in 2027. Costco lost nearly 2% after reporting decelerating comparable sales growth of 8.8% in June, down from 12.5% in May.

AstraZeneca shares fell 9% after its Phase 3 CARDIO-TTRansform trial of Wainua, developed with Ionis Pharmaceuticals, failed to meet its primary endpoint in patients with transthyretin-mediated amyloid cardiomyopathy. The study did not show a significant improvement in the composite of cardiovascular mortality and recurrent cardiovascular events versus placebo through 140 weeks. Ionis Pharmaceuticals shares declined 8% on the news. Separately, Ampco-Pittsburgh jumped 14% after reporting first-half 2026 customer orders rose 32% year-over-year to $268 million, driven by strength in both operating segments. Levi Strauss fell 6% despite better-than-expected second-quarter revenue and earnings, as its full-year earnings per share outlook midpoint of $1.49 came in below the $1.51 consensus, with the company assuming 30% U.S. tariffs on Chinese imports and 20% tariffs on imports from the rest of the world remain in place through year-end. MDA Space slid 6% after agreeing to acquire a roughly 70% stake in France-based CLS for €567 million and announcing a C$712 million bought-deal equity offering to help finance the transaction.