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00:02Levi Strauss shares fell in extended trading Wednesday after the company raised its annual sales forecast
00:08and reported second quarter results above Wall Street estimates.
00:12Levi's shares fell about 5% in extended trading after the company raised its outlook,
00:17though the stock was still up 17.5% for the year.
00:21Adjusted earnings were $0.28 per share, and net revenue rose 8% to $1.56 billion.
00:28Analysts expected earnings of $0.24 per share on revenue of $1.52 billion.
00:33Levi now expects fiscal 2026 net revenue to grow 7% to 7.5%, up from its prior forecast of
00:415.5% to 6.5%.
00:44The company also raised its adjusted earnings forecast to $1.46 to $1.52 per share.
00:52Sales rose 9% in the Americas and 10% in Asia,
00:55while European sales rose 4%.
00:59Retailers are seeing cautious consumer spending and uneven apparel demand,
01:03with Gap and American Eagle reporting weaker sales in parts of women's clothing.
01:07For all things money, visit Benzinga.com.
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