Levi's boosts its sales outlook, defying concerns about the impact of the Iran conflict

Levi Strauss raised its sales and profit outlook, driving shares higher in after-hours trading. Management credited a broader assortment of denim products and growth in direct-to-consumer channels for the upside, and said these trends offset macro headwinds from surging gas prices and geopolitical concerns around the Iran war. No specific magnitude was disclosed in the report.

Analysis

Levi Strauss raised its sales and profit outlook, driving shares higher in after-hours trading. Management credited a broader assortment of denim products and growth in direct-to-consumer channels for the upside, and said these trends offset macro headwinds from surging gas prices and geopolitical concerns around the Iran war. No specific magnitude was disclosed in the report.