Stock Movers Performance Foods Higher; Levi and Tariffs; Drone Stocks Higher
Jul 11, 2025
Performance Food Group Co. is in the spotlight after attracting takeover interest from US Foods, which could create a massive food distribution company. Levi Strauss & Co. is seeing a boost as it raises its revenue outlook despite tariff challenges, thanks to a strong focus on its core brand. On another front, drone stocks are rising following a Defense Secretary memo aimed at fast-tracking drone production and combat simulations, signaling a surge in the military drone industry.
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Performance Food Merger Interest
- Performance Food Group has attracted takeover interest from US Foods, potentially creating a combined food distribution company with $100 billion in sales.
- A similar acquisition was blocked in 2015, so this deal might face regulatory challenges.
Levi's Revenue Growth Amid Tariffs
- Levi Strauss expects revenue growth of 1-2% this year despite tariffs, attributing success to focusing on the Levi's brand and direct-to-consumer strategy.
- The company lowered its gross margin guidance due to tariffs but minimized China exposure.
Pentagon Accelerates Drone Deployment
- Defense Secretary Pete Hegseth ordered a fast track for drone production and deployment, requiring drone combat simulations across all military branches.
- The memo reclassifies drones like munitions, simplifying acquisition and bypassing legacy tracking systems.