Levi Strauss Raises Annual Forecasts on Resilient Premium Denim Demand

Levi Strauss & Co. (LEVI) saw its shares climb in after-hours trading after raising its annual sales and profit forecasts following strong first-quarter results. The company reported adjusted earnings per share of $0.42, significantly exceeding the analyst consensus of $0.37. Revenue for the period reached $1.74 billion, surpassing Wall Street forecasts of $1.65 billion. This performance was driven by resilient demand for premium denim and a successful direct-to-consumer (DTC) strategy, which helped offset inflationary pressures and high fuel costs. Despite geopolitical concerns regarding the Iran conflict, management expressed confidence in maintaining momentum through an expanded product range. The company, which trades on the NYSE, continues to demonstrate operational resilience amid supply chain fluctuations.