Levi Strauss lifts annual forecasts as strong demand cushions tariff hit
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Levi Strauss has raised its annual sales and profit forecasts due to strong demand for its denim products, which has helped offset the impact of US tariffs. The company's stock surged over 6% in extended trading after it beat Wall Street estimates for first-quarter results.
Levi Strauss has raised its annual sales and profit forecasts. The company now expects fiscal 2026 net revenue growth of 5.5% to 6.5%. Levi Strauss's first-quarter net revenue grew 14% to $1.74 billion, beating analysts' estimates. The company's adjusted earnings of 42 cents per share also topped estimates. Demand for denim products remains strong, with sales of the premium denim line up 40% and the Signature line up 16%. The company saw a 9% jump in sales in the Americas and a 24% increase in Europe.
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