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Levi Strauss lifts FY outlook as turnaround gains steam

Wall Street Journal US Business •
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Levi Strauss & Co. lifted its fiscal‑year outlook on Tuesday after reporting double‑digit sales growth in the most recent quarter. The San Francisco‑based denim maker now projects revenue rising 5.5%‑6.5% through Nov. 29, up from the prior 5%‑6% range. Investors greeted the upgrade as evidence that the company’s turnaround plan is gaining traction. The guidance bump also reflects stronger performance across wholesale, e‑commerce and international markets.

Levi’s announced a search for a new chief financial and growth officer as Harmit Singh shifts to a special‑adviser role before retiring. Adjusted earnings per share are now forecast between $1.42 and $1.48, a modest lift from the previous $1.40‑$1.46 band. The outlook assumes a 4‑cent tax‑rate drag and excludes the divested Dockers business. Analysts view the move as encouraging.

The upgraded guidance sent Levi’s shares higher in after‑hours trading, narrowing the gap with peers such as PVH Corp. and G‑III Apparel. By delivering 14% quarterly revenue growth and confirming a path to earnings expansion, the brand reinforces its resilience amid a soft consumer apparel environment. The company now stands better positioned to meet its fiscal‑year targets for the 2025 fiscal year.