It's Wednesday, October 7th.

Welcome to Market Foolery.

I'm Chris Hill joining me from the Great White North,

Mr. Jim Gillies.

Good to see you, my friend.

It's great to be here, Chris.

Thanks.

We have a couple of stories in the entertainment business, but we're going to start today with earnings from Levi Strauss. Online sales in the third quarter grew 52% and as we saw with the previous quarter that is

those online sales are helping to make up for store closures which have been

happening during the pandemic and shares of

Levi's up more than 7% this morning. Yes and I love it because they're

well we'll bring it up a little bit later they're bringing along another company with them which is about

up 8% and I happen to own the other company that's in the denim space but we'll

look at Levi's here yeah this is this is another case of, we've been, we've been, had a few of these in the last couple

months, it's pandemic style reports. So in isolation, the report looks awful, right are down 27% and you know their their

earnings are much lower than they wanted to be I think it was income was net income

was down about 78 percent but viewed in context of the pandemic where they did

have a bunch of store closures as you said expectations were super low here and so what Levi's did was that they had

sales of about 1.06 billion versus expectations of just over 800 million in

sales they turned in 8 cents of just over 800 million in sales.

They turned in 8 cents of earnings per share.

The market was expecting a 22 cent per share loss.

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