1403 ET - UBS says its channel checks suggest 1Q direct-to-consumer trends were fairly solid for Levi Strauss, and the investment bank expects the blue jeans maker to deliver F1Q EPS in line with Wall Street expectations when it reports next week. Analysts say in a research note the company is likely to also reiterate FY25 EPS guidance of $1.20-$1.25. As for overall sentiment, the analysts say it's mixed, with some investors seeing potential for Levi's P/E to rerate on its transformation strategy, but others believing the brand's momentum is fading. If the company provides an outlook for the 2Q, it will likely be beatable, too, the analysts add. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
March 25, 2025 14:03 ET (18:03 GMT)
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