BUZZ-Levi Strauss falls; raises annual forecast

Levi Strauss & Co.

Levi Strauss & Co.

LEVI

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** 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