EUR/USD likely to find a peak near 1.25: UBS
Investing.com -- Levi Strauss & Co (NYSE:LEVI) reported second-quarter earnings and revenue that topped Wall Street estimates, driven by strong demand, and raised its full-year profit outlook.
The stock jumped roughly 7% in premarket trading Friday by 04:27 ET (08:27 GMT).
The denim maker posted second-quarter earnings per share of 22 cents, beating analysts’ average estimate of 13 cents.
Quarterly revenue rose to $1.4 billion, topping expectations of $1.37 billion.
"We are encouraged by balanced strength and execution driving 2Q upside," Stifel analysts commented.
"Our positive stance on shares hinges on underappreciated embedded drivers that shift the business towards higher value products and channels - 2Q25 performance is a solid data point supporting this development," they added.
Levi now expects full-year 2025 earnings per share between $1.25 and $1.30, above analysts’ consensus of $1.23.
"Given our strong H1 and continued momentum across the business—and despite higher tariffs—we are raising our full-year revenue and EPS expectations,” said CFO Harmit Singh.
Stifel analysts said the raised outlook, which comes despite negative tariff impacts, "displays LEVI’s advantaged revenue and sourcing base diversification."
"Tariffs remain a moving target, though we believe most pressure can be offset in 2026E," they continued.
(Pratyush Thakur contributed to this report.)