Wed, 29 Jan 2025

Levi beats earnings estimates but expects pressure this year from strong U.S. dollar

Levi expects its sales to slow in the current fiscal year because of the strong U.S. dollar and one fewer selling week.
The company expects sales to decline between 1% and 2%, below estimates of 3.7% growth, and adjusted earnings per share will be between $1.20 and $1.25, below estimates of $1.37. CEO Michelle Gass attributed the expected drop in revenue to currency trends, one fewer selling week, and divested businesses, rather than slower demand.
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