Levi Strauss slips as FY profit forecast falls short of Street view
10/10/2025 15:40
Updates ** Shares of denim-maker Levi Strauss LEVI.N fall nearly 10.6% to $21.94 ** 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 ** Expects Levi to reduce distribution and Selling, General & Administrative (SG&A) expenses through 2026 ** While Levi’s valuation is higher than its 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 and Sanskriti Shekhar in Bengaluru) ((akriti.shah@thomsonreuters.com))