Levi Strauss Shares Drop 14% Despite Earnings Beat
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BTCCSquare news:
Levi Strauss & Co. (LEVI) shares tumbled as much as 14% in early trading Friday, defying a third-quarter earnings beat that surpassed analyst expectations. The denim Maker posted $1.54 billion in revenue—a 6.9% year-over-year increase—and adjusted earnings of $0.34 per share, both ahead of consensus estimates.
Management's cautious tone overshadowed the results. While raising full-year guidance, executives warned of potential macroeconomic headwinds and tariff uncertainties heading into the critical holiday season. The stock's decline erased some of its recent momentum, though shares remain up 49% over the past six months.
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