Key Takeaways
- Levi Strauss warned that its sales for the full year will be lower because of the macro environment, possible U.S. tariffs, tax code changes, and worsening foreign exchange rates.
- The jeans maker expects sales to decline 1% to 2% from 2024 levels, and its outlook for earnings was below Visible Alpha estimates.
- The news offset the company's better-than-anticipated fourth-quarter results.
Levi Strauss (LEVI) shares slipped Thursday when the clothing maker warned that sales would fall because of difficult economic conditions and possible U.S. trade moves.
The company famous for its eponymous jeans said it expects full-year adjusted 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of $1.20 to $1.25, and revenue to fall 1% to 2% year-over-year, or $6.23 billion to $6.29 billion. Analysts surveyed by Visible Alpha were looking for adjusted EP⭕S of $1.26 and revཧenue of $6.29 billion.
CFO Harmit Singh told analysts on🏅 the earnings call that "there continuಞes to be a lot of uncertainty related to the macro environment, potential tariffs, changes in the tax code, as well as worsening foreign exchange," according to a transcript provided by AlphaSense.
The guidance offset strong fourth-quarter results. Levi Strauss reported adjusted EPS of $0.50, with reve🅺nue rising 12% to $1.84 billion. Both exceeded estimates.
Despite today's roughly 1.5% decline, shares of Levi Strauss are up about 6% over the past year.
:max_bytes(150000):strip_icc()/LEVI_2025-01-30_10-45-28-133bd029695243419d4696803bd56aa5.png)
TradingView