Levi Strauss & Co (NYSE:LEVI) exceeded expectations in its second-quarter earnings report, fueled by robust consumer demand, and lifted its profit forecast for the full year. Shares surged about 7% in premarket trading on Friday by 04:27 ET (08:27 GMT).
The iconic denim brand reported Q2 earnings per share of 22 cents, well above the consensus estimate of 13 cents. Revenue also came in stronger than anticipated at $1.4 billion, surpassing the $1.37 billion forecast.
Analysts at Stifel praised the company’s balanced performance and execution, noting that the solid Q2 results reflect Levi’s successful shift toward higher-value products and diversified sales channels. “This quarter provides tangible evidence supporting Levi’s strategic evolution,” they said.
Levi Strauss now projects full-year 2025 EPS between $1.25 and $1.30, ahead of analyst consensus at $1.23.
CFO Harmit Singh highlighted the company’s resilience despite tariff headwinds: “Our strong first half and ongoing business momentum underpin the upward revision to our full-year revenue and earnings outlook.”
Stifel analysts added that Levi’s diverse revenue streams and supply chain help mitigate tariff pressures, which they expect to ease by 2026.
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