BUZZ-Levi Strauss falls; raises annual forecast
Levi Strauss & Co.
Levi Strauss & Co. LEVI | 0.00 |
** Levi Strauss LEVI.N shares fall 5.5% to $23.04 after the bell
** The denim brand expects fiscal 2026 net revenue to grow in the range of 7.0% to 7.5%, vs. its prior forecast of 5.5% to 6.5%
** Raises adj. EPS forecast to the range of $1.46 to $1.52, vs. prior forecast of $1.42 to $1.48
** LEVI's Q2 revenue rises 8% to $1.56 billion, above analysts' estimates of $1.52 billion - LSEG data
** Tariffs and foreign exchange were a challenge for LEVI in Q2, the company said
** Stock has risen 17.6% so far this year, as of last close
