Shares of Levi Strauss & Co (LEVI) were launched to their highest level in more than a year on the back of better-than-expected second quarter results and upbeat outlook for FY25 as the company’s DTC ambitions bear fruit.
“LEVI’s raised its annual outlook on both the top and bottom lines, which, in our view, is particularly encouraging as the company’s guidance now includes the expected impact from tariffs (previously it did not) and mitigation efforts,” said Telsey Advisory Group’s Dana Telsey.
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