Levi Strauss falls after forecasting annual profit below estimates

Levi Strauss & Co

09/10/2025 22:29

** Denim-maker Levi Strauss' shares LEVI.N fall ~6% to $23.09 in after-market trading

** LEVI raises annual profit forecast banking on strong demand for wide-leg denim bottoms in Europe and the Americas despite higher tariffs, but the projection fell short of Wall Street expectations

** Projects annual adj. EPS in the range of $1.27 to $1.32, up from prior forecast of $1.25 to $1.30 per share

** However, range mid-point came below analysts' estimate of $1.31, according to data compiled by LSEG

** LEVI expects FY 2025 organic net revenue from continuing operations, excluding Dockers, to rise about 6%, vs prior target of a 4.5% to 5.5% increase

** Q3 adj. EPS came in at 34 cents, from 33 cents a year ago

** Q3 net revenue rose 7% YoY to $1.54 bln, above avg estimate of $1.50 bln

** As of Thursday's close, stock had risen 41.8% YTD

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))