BUZZ-Levi falls on lower-than-expected 2025 profit forecast
ReutersJan 29, 2025 10:27 PM
Shares of Levi Strauss LEVI.N fall 6.9% to $16.84 in extended trading.
LEVI forecasts 2025 profit well below analysts' estimates
Company estimates annual adj. per-share profit of $1.20 to $1.25, vs expectations of $1.37, according to data compiled by LSEG
However, company topped Q4 adj. profit ests on strong holiday-quarter demand
Levi reports Q4 adj. profit of 50 cents/shr, topping estimates by 2 cents
Up to last close, LEVI shares had gained 7.4% in the past 12 months
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