Levi Strauss slips as FY profit forecast falls short of Street view

Abercrombie & Fitch

10/10/2025 16:24

Updates

  ** Shares of denim-maker Levi Strauss LEVI.N fall 12.4% to $21.50

** Co raised its full-year profit forecast on Thursday, which fell short of Wall Street expectations owing to costs linked to U.S. import tariffs

** Barclays says caution in Q4 guidance stems from duplicate distribution facilities, which are weighing on margins as the new site gradually scales ; maintains "overweight" rating on stock

** US President Donald Trump on Friday says government is looking at possible "massive" tariffs on goods coming from China

 ** Shares in American Eagle Outfitters AEO.N, Abercrombie & Fitch ANF.N, Lululemon LULU.O and Best Buy BBY.N down between 2% and 4% after Trump's statement

** Average rating of 14 analysts is "buy"; median PT $26 - data compiled by LSEG

** As of last close, stock up nearly 42% YTD

(Reporting by Akriti Shah, Sanskriti Shekhar and Prerna Bedi in Bengaluru)

((akriti.shah@thomsonreuters.com))