BUZZ-Levi's falls on lower 2025 profit forecast
ReutersJan 30, 2025 11:28 AM
Jeans maker Levi Strauss' LEVI.N shares down 7.5% at $16.73 premarket
Company forecast annual adjusted profit per share in a range of $1.20 and $1.25, below analysts' expectations of $1.37 - LSEG data
"Looking ahead, LEVI appears to be taking a conservative outlook for FY25 with revenue and EPS guide coming in below the market's expectations with FX creating a meaningful headwind" - Telsey Advisory Group's Dana Telsey
Sets FY organic net revenue growth target between 3.5% and 4.5%, midpoint of which is above estimates of 3.7% rise
LEVI beat Q4 results estimates, helped by strong holiday season demand
Stock up about 4.6% in 2024
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