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undefined | Levi Strauss beats expectations on the top and bottom lines, raises guidance

Levi Strauss & Co. posted earnings that topped Wall Street’s forecasts for the first fiscal quarter, prompting the denim maker to lift its full‑year guidance. The company now expects adjusted earnings per share of $1.42‑$1.48, slightly above the $1.47 consensus, and anticipates sales growth of 5.5%‑6.5% for the year, marginally ahead of the 5.6% estimate.

For the quarter ended March 1, adjusted earnings were 42 cents per share versus the 37‑cent forecast, and revenue reached $1.74 billion, topping the expected $1.65 billion. Reported net income climbed to $175.8 million, or 45 cents per share, up from $135 million (34 cents) a year earlier. Sales rose about 14% to $1.74 billion, driven roughly equally by higher unit volumes and price increases, according to CFO Harmit Singh.

Management noted that the guidance could improve later in the year if the current 10% tariff on U.S. imports—part of a broader 20% global duty—remains in place, which could add roughly $35 million (about 7 cents per share) to full‑year earnings. The combination of stronger pricing power, favorable foreign‑exchange effects, and potential tariff rollbacks is expected to support the company’s profitability moving forward.