Levi Strauss (LEVI) Sees White Denim Sales Surge 70% in Q2

Levi Strauss (LEVI) reported a 70% increase in white denim sales during its fiscal second quarter. The company is expanding its product offering beyond denim to include shirts and dresses targeting different budgets. Bank of America raised its earnings estimate for fiscal 2026 to $1.52 per share from $1.48, with additional increases for subsequent years due to improved sales in the Americas and Asia. Despite a year-to-date stock increase of 17%, shares fell post-report due to concerns over second-half margins, highlighting the importance of maintaining profit growth as they diversify their offerings.