Market News / Story
Levi Strauss raises FY26 profit guidance but trims sales growth outlook
Seeking Alpha ·
Seeking Alpha reports: Shares of Levi Strauss were struggling to remain positive in after-hours trading after the company reported mixed results for the third quarter and raised their profit guidance for the year but delivered soft direct-to-consumer sales that fell short of the company’s expectations. The company also lowered its net revenue guidance for the year, now expecting sales to be up 7% versus an earlier projection of 7% to 7.5% growth. Organic net sales are seen rising 6%…