Levi Strauss Raises Forecasts After Beating Quarterly Targets

Revenue climbed to $1.56 billion, surpassing the $1.52 billion consensus estimate and marking an 8% increase from the previous year. Driven by this momentum, the retailer lifted its full-year adjusted earnings guidance to a range of $1.46 to $1.52 per share and boosted its annual sales outlook to a 7%–7.5% growth window. Finance chief Harmit Singh noted that this expansion relies on a balanced mix of unit sales and strategic pricing.

CEO Michelle Gass emphasized that demand remains robust across core segments, including the signature line and the new premium blue tab collection. While net income rose to $87.3 million for the quarter ending May 31, compared to $67 million in the same period last year, investors appeared cautious. The sharp drop in share price suggests skepticism persists regarding the brand's ability to maintain this pace of growth amid broader economic pressures.