Levi Strauss Raises Full-Year Earnings Forecast After Strong Second Quarter

Levi Strauss & Co. has raised its full-year earnings forecast following a robust second quarter performance. The denim company now projects earnings per share to be between $1.46 and $1.52, an increase from its previous guidance of $1.42 to $1.48. This revised target surpasses the $1.50 per share that analysts had anticipated.

The company also enhanced its revenue outlook, forecasting full-year growth of 7 to 7.5 percent. This is an upward revision from its earlier range of 5.5 to 6.5 percent and exceeds the 6.6 percent growth analysts had expected. Management indicated that approximately half of the anticipated revenue growth will stem from price increases, with the remainder driven by higher sales volumes.

"We delivered another strong quarter driven by broad-based growth across markets, channels and categories," said Harmit Singh, Chief Financial and Growth Officer, in a press release. "That growth translated into higher profitability through gross margin expansion and disciplined SG&A leverage, demonstrating the strength and scalability of our operating model."

Levi's reported significant growth in key international markets during the quarter. The company saw 14 percent growth in Mexico and double-digit gains across Latin America. Asia also contributed with 12 percent growth, underscoring the effectiveness of its recent marketing initiatives, including the "Behind Every Original" campaign and celebrity partnerships.