Levi Strauss raised its full-year revenue and profit outlook, expecting 1-2% growth in fiscal 2025 revenue and EPS of $1.25-$1.30. The jeans maker reported a 6% YoY increase in Q2 revenue to $1.45 billion, beating analyst estimates. Despite 30% tariffs on China and 10% on the rest of the world, the company cited "continued momentum across the business." Levi's stock surged 7% in extended trading and is up 14% for the year.
Levi Strauss & Co. (LEVI) has raised its full-year revenue and profit outlook, driven by a strong second quarter (Q2) performance. The denim maker reported a 6% year-over-year (YoY) increase in Q2 revenue to $1.45 billion, beating analyst estimates of $1.37 billion [1]. Adjusted earnings per share (EPS) came in at 22 cents, surpassing estimates of 13 cents [1].
The company also raised its full-year revenue growth guidance to a range of 1% to 2%, up from a previous projection of a 1% to 2% decline [1]. Additionally, Levi Strauss boosted its full-year EPS guidance to a range of $1.25 to $1.30, compared to a previous estimate of $1.20 to $1.25 [1].
Despite higher tariffs, including 30% on China and 10% on the rest of the world, Levi Strauss cited "continued momentum across the business" as the driving force behind the improved outlook [1]. Direct-to-consumer sales, which climbed 11% year-over-year, were a significant contributor to the strong Q2 performance [1].
Levi Strauss shares surged 7% in extended trading following the announcement and are up approximately 14% for the year [1]. The stock was trading at $21.19 at the time of publication [1].
References:
[1] https://www.benzinga.com/markets/earnings/25/07/46356144/levi-strauss-shares-jump-on-q2-earnings-revenue-beat-raised-outlook
[2] https://www.investopedia.com/levi-strauss-earnings-q2-fy2025-11769968
[3] https://www.wsj.com/business/earnings/levi-strauss-raises-fiscal-year-outlook-on-resilient-direct-to-consumer-sales-3c527c1d
[4] https://finance.yahoo.com/news/levi-strauss-shares-surge-q2-205333099.html
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