Levi Strauss hikes profit guidance after tariff refunds, but its sales outlook is less optimistic

Levi Strauss adjusted its financial outlook on Wednesday, providing mixed signals about its near-term prospects. The denim retailer increased its adjusted earnings per share guidance for the full fiscal year to a range of $1.54 to $1.56, up from the previous expectation of $1.46 to $1.52. However, the company simultaneously reduced its net revenue growth forecast to 7%, representing the lower end of its previously stated range of 7% to 7.5% growth. Stock performance following the announcement w