Levi Strauss Raises Outlook and Beats Q2 Estimates as Shares Slip
LEVI•LEVI•LEVI•LEVI•Levi Strauss shares dipped 1.18% after reporting second-quarter adjusted EPS of $0.67 versus $0.65 expected, with revenue up 5% to $1.85 billion. The company raised its full-year revenue outlook by $75 million to a $6.75–6.85 billion range and expanded a Levi’s line into 400 Kohl’s stores.
Levi Strauss delivered adjusted EPS of $0.67 per share for the June quarter, exceeding the $0.65 consensus estimate, while revenue climbed 5% year-over-year to $1.85 billion. Despite the beat, shares fell 1.18% on release day.
In response to stronger-than-expected first-half results, the company increased its full-year revenue guidance by $75 million, setting a target range of $6.75 billion to $6.85 billion, up from the prior $6.67–6.75 billion forecast.
Levi Strauss expanded its distribution deal with Kohl’s by introducing its signature line into 400 Kohl’s locations and online, aiming to boost back-to-school sales and reach new customer segments.
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