Stock Track | Levi Strauss Soars 7.60% After-Hours on Strong Q2 Results and Raised Guidance

Stock Track
Jul 11

Levi Strauss & Co (LEVI) shares jumped 7.60% in after-hours trading on Thursday following the company's impressive second-quarter results and raised full-year guidance. The denim maker demonstrated resilience in the face of tariff uncertainties and challenging market conditions.

For the second quarter, Levi Strauss reported adjusted earnings per share of $0.22, significantly beating analysts' expectations of $0.13. Revenue also surpassed estimates, coming in at $1.45 billion compared to the expected $1.37 billion. The company's performance was particularly strong in Europe, where net revenue rose 14% on a reported basis, and in its direct-to-consumer segment, which saw an 11% increase.

In light of these strong results, Levi Strauss raised its fiscal 2025 outlook. The company now expects annual revenue growth of 1% to 2%, a notable improvement from its previous forecast of a 1% to 2% decline. Additionally, it lifted its annual adjusted earnings per share guidance to between $1.25 and $1.30, up from the previous range of $1.20 to $1.25. This positive revision comes despite ongoing tariff concerns, with the company effectively managing its diverse sourcing network to mitigate impacts. Levi Strauss CFO Harmit Singh emphasized the company's strong first-half performance and continued momentum across the business as key factors behind the improved outlook.

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