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

Levi Strauss & Co

10/10/2025 09:42

** Shares of denim-maker Levi Strauss LEVI.N fall nearly 7% to $22.83 in premarket

** 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

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

** Expects Levi to reduce distribution and Selling, General & Administrative (SG&A) expenses through 2026

** While Levi’s valuation is higher than its apparel industry peers, it is consistent with historical averages, adds Barclays

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

** As of last close, co is up nearly 42% YTD

 (Reporting by Akriti Shah in Bengaluru)

 ((akriti.shah@thomsonreuters.com))