Levi Strauss, a well-known denim and apparel company, has raised its annual net sales forecast. This decision is based on the sustained demand for its products, despite economic uncertainty affecting broader consumer spending.
Strong Sales and Expansion
The company has seen strong sales of its denim and dressier casual apparel, particularly among Gen Z shoppers. Levi Strauss has expanded its offerings beyond denim into dresses, skirts, and tops, and has invested heavily in its direct-to-consumer business. These moves have helped the company rebuild momentum, with increases in revenue each quarter for the past two years.
Levi Strauss’s net revenue rose 8% to $1.56 billion in the quarter ended May 31, exceeding analysts’ estimates of $1.52 billion. Adjusted earnings of 28 cents per share also topped estimates of 24 cents.
Outlook and Expectations
The company now expects fiscal 2026 net revenue to grow in the range of 7.0% to 7.5%, compared with its prior forecast of a 5.5% to 6.5% rise. Analysts on average expect a 6.6% rise to $6.70 billion. CEO Michelle Gass stated that the continued sales growth is proof that the company’s strategies are working and its team is executing.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
