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Levi Strauss beats expectations on the top and bottom lines, raises guidance

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Levi Strauss beats expectations on the top and bottom lines, raises guidance


A pedestrian walk by sign is posted in front of Levi Strauss headquarters on Oct. 9, 2025 in San Francisco, California.

Justin Sullivan | Getty Images

Levi Strauss beat Wall Street’s expectations on the top and bottom lines Tuesday, leading the retailer to raise its guidance. 

The denim maker is now expecting full-year adjusted earnings per share to be between $1.42 and $1.48 per share, compared to expectations of $1.47 per share, according to LSEG.

It’s expecting sales to rise between 5.5% and 6.5%, ahead of estimates of 5.6%, according to LSEG. 

Here’s how the apparel maker did in its first fiscal quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:

  • Earnings per share: 42 cents adjusted vs. 37 cents expected 
  • Revenue: $1.74 billion vs. $1.65 billion expected 

The company’s reported net income for the three-month period that ended March 1 was $175.8 million, or 45 cents per share, compared with $135 million, or 34 cents per share, a year earlier. 

Sales rose to $1.74 billion, up about 14% from $1.53 billion a year earlier. 

While Levi is seeing strong revenue growth across its business, it’s benefiting from both higher prices and positive foreign exchange rates. In an interview with CNBC, finance chief Harmit Singh said about half of Levi’s growth came from more units sold, while the other half was related to higher prices. 

He also noted that Levi’s guidance could rise later in the year because it’s assuming a 20% global tariff, though President Donald Trump has for now set a 10% duty on U.S. imports. If that 10% tariff remains in effect, it could boost full-year earnings by $35 million, or 7 cents per share.

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‘Ships continuously coming even amid blockage’: Centre assures 100% energy supplies across the country – The Times of India

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‘Ships continuously coming even amid blockage’: Centre assures 100% energy supplies across the country – The Times of India


The Centre assured that LPG supply across the country is normal, despite rising tensions in the Middle East, with shipments sailing through the Strait of Hormuz without any disruption. Dismissing fears of any shortage in the nation, petroleum and natural gas secretary Neeraj Mittal, on Thursday, said that domestic availability remains stable. “I don’t see any problem anywhere. All domestic supplies are at 100 per cent,” he stated, adding that around 70 per cent of packed LPG has already been released into the system.While acknowledging the possibility of minor, localised supply bottlenecks, Mittal said such issues are routine and managed on a day-to-day basis.He also addressed concerns over maritime movement in the region, noting that vessel traffic has not faced delays. “Ships have been continuously coming even when there was a blockage. It takes its normal travel time. We are not talking about any delay in crossing the Strait,” he said.According to Mittal, the government is closely tracking developments and remains prepared to act if needed. “The government is reviewing this on a daily basis. If any change has to be made, it will be done,” he said.Speaking at a conference on energy security and India’s growing gas demand, Mittal further emphasised the need for preparedness in light of recent global developments. He highlighted that nearly 90% of India’s crude oil imports pass through the Strait of Hormuz, underlining its strategic importance.He further noted that India sources crude oil from 41 countries, natural gas from 30 countries, and LPG from 13 countries, stressing that such diversification plays a key role in shaping future energy policies.“The government is committed to ensuring that gas is available to all entities, and we are also focusing on diversification so that such crises do not impact supplies,” he said. Meanwhile, Green Asha, a fuel carrier with over 15,400 tonnes of LPG, also arrived in the country on Thursday after crossing Strait of Hormuz earlier this week.The conference, organised by the petroleum and natural Gas regulatory board (PNGRB) in partnership with Indraprastha Gas Limited (IGL), brought together stakeholders to discuss the expanding role of natural gas in the country’s energy mix.Discussions at the two-day event focused on infrastructure investment, regulatory support, and addressing sectoral challenges, while also encouraging innovation as India works to strengthen its energy security in the face of global uncertainties.



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Iran war: Oil prices rise as traders eye fragile ceasefire deal

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Iran war: Oil prices rise as traders eye fragile ceasefire deal



The cost of crude plunged on Wednesday after a deal was announced that includes the opening of the Strait of Hormuz.



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Strait of Hormuz open or close? Only a ‘trickle’ of oil leaving right now despite ceasefire – The Times of India

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Strait of Hormuz open or close? Only a ‘trickle’ of oil leaving right now despite ceasefire – The Times of India


The tussle over the opening of the Strait of Hormuz continues as the Middle East crisis intensifies, with oil shipments yet to return to normal levels. According to a senior Gulf Oil adviser, any impact on fuel prices in the United States is likely to take time.Tom Kloza, the company’s chief energy adviser, told CNN that he is still “not seeing the evidence of more crude oil departing” the strait, even though reopening the route was reportedly part of the two-week ceasefire agreed on Tuesday night.Iran’s Islamic Revolutionary Guard Corps (IRGC) claimed that traffic through the strait slowed sharply and then stopped, blaming what it described as a violation of the ceasefire by Israel in Lebanon.Kloza said the situation remains uncertain and progress has been slow. “I would emphasize these are really baby steps right now. There’s no indication that the strait is going to reopen, and it seems like a flimsy ceasefire, to say what’s obvious,” he told CNN’s Jake Tapper.He added that only “a trickle” amount of oil is currently leaving the region. Because of the fragile ceasefire, companies are likely to be cautious about sending oil through the route.“It looks as though we’re weeks away from any restoration of even 50% or 70% of the Strait of Hormuz traffic that we depend on,” Kloza said.The situation could escalate further after US President Donald Trump on Thursday issued a fresh warning to Iran over the Strait of Hormuz. Posting on the social media platform Truth Social, he said American military forces and weapons would remain in place until the two sides reach a “real agreement”.“If for any reason it is not, which is highly unlikely, then the “Shootin’ Starts,” bigger, and better, and stronger than anyone has ever seen before. It was agreed, a long time ago, and despite all of the fake rhetoric to the contrary – NO NUCLEAR WEAPONS and, the Strait of Hormuz WILL BE OPEN & SAFE. In the meantime our great Military is Loading Up and Resting, looking forward, actually, to its next Conquest. AMERICA IS BACK!”Global energy supplies continue to face pressure as Iran restricts movement through the Strait of Hormuz, a vital route that carries around 20% of the world’s oil. The conflict has now stretched beyond a month, following strikes on Iran by the United States and Israel on February 28.Meanwhile, oil prices edged up on Thursday after recording their sharpest single-day drop since April 2020, as ongoing tensions in the Middle East and uncertainty over the Strait of Hormuz kept markets unsettled. Brent crude climbed back towards $97 a barrel after a 13% fall on Wednesday, while West Texas Intermediate hovered near similar levels.



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