Shares of Levi Strauss and Co. dipped by over 8% during premarket reading on Thursday after the company posted a weaker-than-expected outlook for fiscal 2025.
The denim maker noted that it expects its net revenues to decline between 1% and 2% in 2025, while it anticipated its earnings per share (EPS) to range between $1.20 to $1.25, well below analysts' projection of $1.37. However, the company posted better-than-expected fourth-quarter financial results, with net revenue jumping 12% to $1.8 billion.
Levi Strauss' stock plunged 8.29% at 5:35 am ET to sell for $16.59 apiece.
