Levi Strauss raises full-year guidance
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Levi Strauss & Co. jumped Friday morning after raising its revenue outlook, with the maker of 501 jeans expecting sales growth to outweigh the effect of President Donald Trump’s tariffs.
Nvidia stock rises after the chip maker ends Thursday’s session with a market cap above $4 trillion, while MicroStrategy trades higher as Bitcoin sets a record high of more than $118,000.
Denim looks good on Michelle Gass, who is increasingly putting her mark on Levi Strauss & Co. After just over a year as chief executive officer, Gass turned in a second quarter on Thursday that topped both sales and profit expectations and led the denim leader to boost its outlook for the full year.
The packaged-foods giant is preparing to break itself up, according to a report in The Wall Street Journal. Shares turned higher on the news, rising 2.5% on the da
Levi’s increased its full-year earnings projections despite higher tariff rates, sending the stock higher in after-hours trading.
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Shares of Levi Strauss & Co (NYSE: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.