Levi Strauss Raises Earnings Guidance Despite Tariffs

Levi Strauss raises full-year guidance despite facing higher tariffs due to Trump’s trade policies. Levi’s expects adjusted earnings of $1.25 to $1.30 per share, up from previous forecast. Most sourcing comes from countries like Pakistan, Bangladesh, and Indonesia, which Trump has threatened with duties over 30%. Levi’s absorbing costs of tariffs, anticipating impact of $25-30 million for the year.

Levi’s reports second quarter earnings that beat expectations, with adjusted earnings per share of 22 cents and revenue of $1.45 billion. Net income for the quarter was $67 million, up from $18 million last year. Sales rose 6% from the previous year. Levi’s raises full-year revenue guidance, now expecting sales to rise between 1% and 2%. Levi’s also cuts gross margin guidance due to impact of tariffs on profits.

Read more at CNBC: Levi Strauss (LEVI) earnings Q2 2025