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Levi Strauss stock jumps after saying it strongly opposes restrictions to reproductive care, including abortion

Shares of Levi Strauss & Co. jumped 3.5% in afternoon trading Friday, to outperform the S&P 500's 2.4% gain, after the jeans and apparel seller said it is "strongly" opposes any steps to restrict access to the full range of reproductive health care, including abortion. "Protection of reproductive rights is a critical business issue impacting our workforce, our economy and progress toward gender and racial equity," the company said in a statement. "As part of our commitment, we are continuing to ensure our employees get the care they need regardless of where they live and support reproductive health organizations on the front lines of this issue. Last month, the company had said it wouldreimburse travel expenses for employees to receive health care, including abortion, that is not available in their home state. Earlier Friday, the U.S. Supreme Court's decision to overturn Roe v. Wade, which had granted women the right to abortion in all states for nearly the past 50 years. That decision would likely lead to abortion being illegal in roughly half the states.
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Is Levi Strauss Stock a Buy?

Fiscal first-quarter revenue and adjusted EPS grew 22% and 35%, respectively, year over year. Despite the solid quarterly results, investors should hold off considering buying the stock for now. You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool...
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Levi Strauss to reimburse abortion travel for employees

May 4 (Reuters) - Levi Strauss & Co said on Wednesday it will reimburse travel expenses for its full- and part-time employees who need to travel to another state for health care services, including abortions. The apparel company best known for its jeans is the latest U.S. company to offer...
BUSINESS
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Levi Strauss Says Protecting Reproductive Rights Is a ‘Business Imperative’

Click here to read the full article. Levi Strauss & Co. (LS&Co.) is lending its voice to fight for women’s reproductive rights in the U.S. following the unprecedented leaked Supreme Court draft opinion that suggests the court is preparing to overturn Roe v. Wade, the landmark 1973 ruling that declared legal abortion a constitutional right. “Given what is at stake, business leaders need to make their voices heard and act to protect the health and well-being of our employees. That means protecting reproductive rights,” the company stated in a blog post published Wednesday. Politico obtained and published the draft opinion written by...
ECONOMY

Levi Strauss will pay for employees to travel for abortion care

American apparel company Levi Strauss & Co has joined a growing list of organisations pledging to support their employees as the US Supreme Court is set to announce a verdict that could overturn the Roe v Wade decision that legalised abortion rights.Levi Strauss & Co on Wednesday expanded its current medical benefits to allow reimbursment of travel expenses for full and part time employees who would need to travel to other states for health care services, including those pertaining to abortion.“Given what is at stake, business leaders need to make their voices heard and act to protect the health...
BUSINESS

Levi Strauss Sees Access to Abortion as ‘A Critical Business Issue’

Click here to read the full article. Levi Strauss & Co. — often one of the earliest voices in fashion to chime in on systemic societal changes — is underscoring its support for reproductive rights as the Supreme Court appears to be ready to strike down Roe vs. Wade. “Protecting access to the full range of reproductive health care, including abortion, is a critical business issue,” the denim giant said in a statement. “Efforts to further restrict or criminalize that access would have far-reaching consequences for the American workforce, the U.S. economy and our nation’s pursuit of gender and racial equity....
WOMEN'S HEALTH