Skinny jeans are out… But Levi is in (thanks, Gen Z). Last quarter, the denim dynamo’s sales jumped 15% as shoppers added more casual fits to their office wardrobes. Demand was also strong for Levi’s khaki-focused Dockers brand and its athleisure-centric Beyond Yoga banner. But despite loose-fit love, inflation could distress earnings: Levi’s profit fell last quarter. The blue jean baby expects to post higher sales Wednesday, but profits may get skinnier.
Hot potatoes… Frozen foods are on a sizzling streak: shares of potato powerhouse Lamb Weston and broccoli behemoth ConAgra have outperformed the market this year as cost-conscious shoppers embrace the frozen food aisle over pricier fresh foods and restaurant fare. Lamb Weston fried up record sales last quarter thanks to price hikes coupled with healthy demand. Conagra plans to continue bumping prices to defrost margins as inflation bites into corporate earnings. We’ll see if frozen demand stayed hot when they report this week.