Levi Strauss raises annual profit forecast boosted by tariff refunds and holiday season demand
路透社2026/10/07 20:27Reuters, October 7 - Levi Strauss (LEVI.N) raised its annual profit forecast on Wednesday after benefiting from tariff rebates and predicting strong demand for its premium jeans during the holiday season. Details are as follows: The apparel brand received a $79 million rebate on tariffs paid under the International Emergency Economic Powers Act in the third quarter ended August 30, and plans to reinvest about $60 million of that amount this year into promotions and marketing activities. However, the company’s direct-to-consumer business's same-store sales were flat in the third quarter. CEO Michelle Gass stated that higher inflationary pressures on consumers resulted in a decline in US market sales, leading to underperformance in this segment. Nevertheless, the jeans maker's womenswear collection was a major highlight, driven by strong demand for loose jeans and the brand's strategy to expand its product line from jeans to include tops, skirts, and dresses. Levi Strauss raised its full-year organic revenue growth expectation to 6%, reaching the upper limit of its previous 5.5%-6% forecast range. So far this year, the company's share price has fallen by about 5%. According to data compiled by the London Stock Exchange Group (LSEG), net revenue for the quarter ended August 30 rose 4% to $1.61 billion, roughly in line with the expected $1.62 billion. Adjusted earnings per share for the quarter were $0.48, compared with analyst expectations of about $0.36 per share. (For the convenience of non-native English speakers, Reuters automatically translates its reports into several other languages. As automated translation may contain errors or lack needed context, Reuters does not guarantee the accuracy of automated translation texts and provides them solely as a convenience to readers. Reuters assumes no responsibility for any harm or loss arising from the use of automated translation.)
Reuters, October 7 - Levi Strauss (LEVI.N) raised its annual profit outlook on Wednesday after benefiting from tariff rebates and expressing optimism for strong demand for its higher-end jeans during the holiday season.
Details are as follows:
The apparel brand in the third quarter ended August 30, received a $79 million rebate on tariffs paid under the International Emergency Economic Powers Act, and plans to reinvest about $60 million of this amount in promotions and marketing this year
However, third-quarter same-store sales for its direct-to-consumer business were flat. CEO Michelle Gass said U.S. market sales fell short of expectations as consumers faced higher inflationary pressures, impacting the business's performance
Nevertheless, the jeans maker's womenswear collection has become a major highlight, thanks to demand for loose-fitting jeans and the brand's strategy of expanding its product line from jeans to tops, skirts, and dresses
Levi Strauss raised its annual organic revenue growth forecast to 6%, reaching the upper end of its previous forecast range of 5.5% to 6%
So far this year, the company's stock price has declined by about 5%
According to data compiled by London Stock Exchange Group (LSEG), net revenue for the quarter ended August 30 grew 4% to $1.61 billion, roughly in line with the $1.62 billion forecast
Adjusted earnings per share for the quarter were $0.48, compared to analyst estimates of about $0.36 per share
(To assist non-English speakers, Reuters has automated translation of its reports into several other languages. Since automated translation may contain errors or fail to capture intended context, Reuters does not guarantee the accuracy of the translated text, which is provided solely for reader convenience. Reuters accepts no responsibility for any damage or loss resulting from use of automated translation services.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Danske Bank says US 10-year and 30-year Treasury yields may rise to 6%
The US dollar remains strong against major currencies, supported by elevated US Treasury yields and market expectations for the Federal Reserve to maintain a hawkish rate policy. Danske Bank strategists anticipate that as investors demand higher risk premiums, yields on 10-year and 30-year US Treasury bonds may rise to 6%. The relative strength index stands at 73.60, which has entered the overbought territory, indicating that the dollar index's momentum is robust, although the potential for further gains may be limited. However, no clear reversal signals have been observed yet.
BUZZ-Applied Digital shares surge as Q1 revenue quadruples
October 8 - ** Data center service provider Applied Digital (APLD.O) saw its stock rise 3.57% in pre-market trading to $24.66 ** The company’s Q1 revenue (link) surged more than fourfold to $341.9 millions, far surpassing analyst estimates of $133.8 millions ** Northland Capital Securities noted that APLD’s revenue and cash flow should increase significantly in the coming years as contracted data center capacity becomes operational and starts generating income ** Net loss attributable to common shareholders widened from $18.5 millions (7 cents/share) a year ago to $221 millions (76 cents/share) ** According to data compiled by London Stock Exchange Group (LSEG), the average rating from 17 analysts covering the stock is “Buy”, with a median target price of $70.00, representing an upside of about 194% from the current price ** Year-to-date, the stock is down about 2.9%, while the Nasdaq Index .IXIC is up 18.5% over the same period. (For the convenience of non-English speakers, Reuters automatically translates its reports into several other languages. Since automated translation may contain errors or lack necessary context, Reuters does not guarantee the accuracy of automated translation and provides it only as a convenience. Reuters assumes no liability for any damage or loss resulting from the use of automated translation.)
WTI crude oil rises above $91 per barrel, up 3.02% intraday
WTI crude oil rose above $91 per barrel for the first time since October 2, with a daily increase of 3.02%.
AstraZeneca (AZN.US) and Daiichi Sankyo (DSNKY.US) TROP2 ADC receives approval for new indication in China
According to information from Zhihu Finance APP, AstraZeneca (AZN.US) and Daiichi Sankyo (DSNKY.US) have announced that Datroway® (generic name: datopotamab deruxtecan for injection) has been approved by the National Medical Products Administration (NMPA) of China for the treatment of adult patients with unresectable or metastatic triple-negative breast cancer (TNBC) who are not suitable for PD-1/PD-L1 inhibitor therapies. Datopotamab deruxtecan is an antibody-drug conjugate (ADC) targeting TROP2, developed with proprietary technology by Daiichi Sankyo, and jointly developed and commercialized by AstraZeneca and Daiichi Sankyo.
Crypto prices
More
