Reported about 23 hours ago
Levi Strauss has issued a concerning profit forecast for 2025, falling short of analysts' expectations despite a robust holiday quarter that saw an 8% rise in net revenue. The company's struggling wholesale business showed signs of recovery, but executives remain cautious about market uncertainties, projecting an adjusted profit per share significantly below predictions. As Levi continues to focus on its direct-to-consumer strategy under CEO Michelle Gass, it faces challenges in navigating tariff threats and currency fluctuations.
Source: YAHOO