LEVI: Levi’s Stock Pumps Over 10% as Earnings Pop the Button Off Wall Street’s Expectations

Denim maker posted solid earnings figures and even said the tariff tangle isn’t really a factor for its forward guidance.

👖 Levi’s Beats Earnings Views

• Levi Strauss stock LEVI popped 10% ahead of the bell on Tuesday, showing Wall Street it's still got some stretch in those seams. For its fiscal first quarter ended March 2, the denim giant posted adjusted earnings of $0.38 per share, easily topping analyst estimates of $0.28. That’s a clean 36% beat — jeans back in fashion, if they were ever out?
• Revenue? Up 3% from last year’s quarter to $1.53 billion, just a shade below the $1.54 billion forecast. Notably, that figure excludes $67 million in Dockers sales, now counted as discontinued ops. (RIP khakis?)

👔 Tariffs Not a Threat?

• Another reason investors hitched their jeans higher was Levi’s forward-looking guidance. For its fiscal 2025, the company said it doesn’t expect macro headwinds to cloud the outlook (hmm…). The upbeat projection included Trump’s looming tariff tangle, which is already wreaking havoc across global markets.
• For the full 2025 fiscal year, Levi’s continues to expect earnings per share between $1.20 and $1.25, closely aligned with analysts’ consensus of $1.22. Revenue is expected to decline between 1% and 2% compared to 2024.

👢 Shares Down 23% This Year

• “We are maintaining our 2025 top- and bottom-line guidance, which excludes any impact from the recent tariff announcements, and we anticipate minimal impact to our Q2 margin outlook,” said Harmit Singh, Levi’s chief financial and growth officer.
• Despite that bright guidance and solid earnings figures, the company’s shares have indeed dipped on tariff pressures and are down 23% on the year, ahead of the opening bell in New York.