Levi Strauss & Co. (NYSE:LEVI) Releases Earnings Results, Beats Expectations By $0.04 EPS
The denim maker lifted its 2026 sales outlook to 7% to 7.5% growth after revenue and adjusted earnings beat estimates, while shares fell more than 5%.
- On Wednesday, Levi Strauss reported second-quarter revenue of $1.56 billion, beating analyst estimates of $1.52 billion and raising its full-year revenue outlook to 7.0%–7.5%.
- CEO Michelle Gass attributed the strong performance to the company's evolution into a "DTC-first, denim lifestyle company," which she said is "translating to faster growth and higher profitability."
- Second-Quarter net income reached $87.3 million, with Asia sales jumping 10% and Europe rising 4%, while the company diversifies sourcing from China, Bangladesh, and Cambodia to offset tariff pressures.
- Despite the earnings beat, Levi Strauss shares dropped more than 5% in extended trading, while finance chief Harmit Singh announced his retirement after about 13 years in the role.
- Management recently launched a marketing campaign tied to FIFA World Cup preparations at Levi's Stadium, reflecting efforts to keep the 173-year-old brand culturally relevant among younger consumers.
25 Articles
25 Articles
Jeans brand Levi Strauss was among the decliners on New York stock exchanges on Thursday. The well-known jeans manufacturer performed better than expected last quarter and raised its full-year revenue forecast for the second consecutive year. The company is also paying out a higher dividend. However, the profit forecast was somewhat disappointing, and investors appear to be seizing on the results to take profits in the stock. Levi’s stock, which…
Premium denim gives Levi Strauss a boost - RetailDetail EU
Levi Strauss & Co. has raised its expectations for this year following strong revenue growth in the second quarter. The jeans brand is increasingly focusing on premium denim and higher-income consumers—a strategy that appears to be paying off.
Levi’s is finding new ways to win customers — by looking toward tops and ‘denim luxury’
Jeans maker raises its full-year outlook for the second straight time, but shares fall after hours Article Attribution | Read More at Article Source The post Levi’s is finding new ways to win customers — by looking toward tops and ‘denim luxury’ appeared first on RocketNews.
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