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Levi Strauss Shares Jump On Q2 Earnings, Revenue Beat, Raised Outlook - Levi Strauss (NYSE:LEVI)
SAN FRANCISCO, CALIFORNIA, USA, JUL 10 – Levi Strauss raised its full-year revenue and profit forecasts after a 6% Q2 revenue rise and expects only a small tariff-related profit impact due to supply chain and pricing strategies.
- Levi Strauss reported strong second-quarter earnings on Thursday, with revenue rising 6% to $1.45 billion and shares jumping about 6%.
- The company revised its outlook for full-year revenue, now anticipating an increase of 1% to 2%, a reversal from an earlier expectation of a 1% to 2% decrease caused by tariff-related challenges.
- Levi's CEO Michelle Gass emphasized strong business fundamentals and pricing power, while sourcing from 28 countries mitigates tariff impacts amid fluid trade policies.
- In Europe, net revenue rose by 14%, while direct-to-consumer sales grew by 11%. For fiscal 2025, Levi's projects its adjusted earnings per share will fall between $1.25 and $1.30.
- Despite anticipating up to a $30 million profit hit from tariffs this year, Levi Strauss enters the second half of 2025 positioned for growth and strategic transformation.
31 Articles
31 Articles
Levi Strauss & Co. (NYSE:LEVI) Reaches New 12-Month High Following Strong Earnings
Levi Strauss & Co. (NYSE:LEVI – Get Free Report)’s stock price hit a new 52-week high on Friday after the company announced better than expected quarterly earnings. The company traded as high as $22.00 and last traded at $21.75, with a volume of 2701748 shares traded. The stock had previously closed at $19.73. The blue-jean maker reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.09. Levi Strau…
Levi Strauss shares jump after raising forecasts on strong global denim demand
(Reuters) -Levi Strauss shares surged more than 7% in premarket trading on Friday after the denim maker raised its annual revenue and profit forecasts, counting on robust demand at its stores and website to offset a margin hit from U.S. tariffs. The company has been investing in its direct-to-consumer-first strategy and focusing on its core denim lifestyle products, which drove second-quarter sales and profit beat. Levi’s results beat was “impre…
Jeans brand Levi's is up 8% on strong earnings — despite a profit hit from tariffs
Levi's posted strong second-quarter earnings.Cheng Xin/Getty ImagesThe stock price of jeans brand Levi's jumped 6% after it reported strong earnings in the latest quarter.Levi's saw a 6% revenue increase in the latest quarter compared to the year before.However, it anticipates a hit of up to $30 million this year because of Trump's tariffs.Levi Strauss had a good second quarter, even with tariffs setting in.On Thursday, the jeans brand reported …
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