Levi Strauss reported financial results that exceeded Wall Street expectations, causing a 7% increase in their stock.
The company's earnings per share for the second quarter were $0.22 U.S., surpassing the forecast of $0.13 U.S., while revenue totaled $1.45 billion U.S., higher than the expected $1.37 billion U.S.
Levi Strauss raised its full-year guidance, expecting earnings of $1.25 U.S. to $1.30 U.S. per share, up from the previous estimate of $1.20 U.S. to $1.25 U.S. Sales are projected to increase by 1% to 2% this year, compared to the prior guidance of a decrease of 1% to 2%.
Despite potential tariffs impacting the business by $25 million U.S. to $30 million U.S. for the remainder of 2025, Levi Strauss plans to absorb the costs without passing them on to consumers.