Levi Strauss raises annual profit forecast on tariff refunds
Levi Strauss raised its annual profit forecast after receiving tariff refunds and betting on strong holiday demand. Despite the upbeat outlook, shares fell in extended trading following weaker sales in the United States and Europe.
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LEVI STRAUSS & CO- CLASS A raised its annual profit forecast on Wednesday after receiving $79 million in tariff refunds, betting on strong holiday demand for premium denim and sweaters. The company lifted its full-year adjusted earnings outlook to $1.54 to $1.56 per share. Investors responded cautiously, sending shares down 2% in extended trading on softer-than-expected sales in key markets.
