Levi Strauss shares stitch gains after hiking forecasts on strong denim demand

ReutersJul 11, 2025 8:10 AM

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Shares of Levi Strauss & Co LEVI.N rise 7.1% to $21.13 in premarket trading

Co raises its annual revenue and profit forecasts; expects FY25 revenue to grow in the range of 1% to 2%, compared with a prior forecast of 1% to 2% decline

LEVI is banking on strong denim demand in Europe despite tariff uncertainty

Co says its forecast reflects current tariffs and a stable economic outlook

Brokerage J.P.Morgan raises PT to $23 from $18

LEVI up 14.5% YTD

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