Tag: $Levi Strauss

Levi Strauss’s profits are growing more than Wall Street expected despite higher costs from tariffs, thanks to targeted price increases and a shift away from wholesalers, the company said Thursday as it reported fiscal third quarter results.

Levi Strauss raised its full-year guidance Thursday and said it’s working to absorb some of the costs it’s facing from higher tariffs, but that could change as President Donald Trump’s trade policy evolves.

Levi Strauss (LEVI.N),  maintained on Monday its annual forecast for sales and profit, excluding the impact of tariffs, and posted quarterly profit ahead of Wall Street targets, sending its shares up more than 7% in after hours trade.

Levi Strauss beat earnings expectations and raised guidance for fiscal 2024, giving the stock a boost in after-hours trading.

Levi Strauss cut its full-year sales forecast, citing weak sales of its denim at department stores and big-box retailers.